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Today's Canada-China Briefing

Diplomatic, trade, military, and political signals

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Today's Briefing:

10 signals tracked · Low · Stable bilateral relations with minimal friction

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Economic
36Kr · May 17, 2026

2.8 billion, is KFC also up for sale?

KFC Author | Wang Tao Editor | Wu Ren Source | Rongzhong Finance Reuters reported that Jardine Matheson is planning to...

KFC Author | Wang Tao Editor | Wu Ren Source | Rongzhong Finance Reuters reported that Jardine Matheson is planning to sell its operating assets related to fast food, which includes KFC and Pizza Hut stores in Hong Kong, Macau, Taiwan, Myanmar, and Vietnam, as well as the local pizza delivery brand PHD in Hong Kong. This comprises approximately 1,000 outlets and 25,000 employees. The transaction is estimated to be worth around $400 million (approximately RMB 2.8 billion). The non-binding offer deadline is this week, and interestingly enough, the buyers include KFC China, Carlyle Group, Taiwan's United Enterprises, as well as several private equity funds. Jardine Matheson is a British old-established trading company that has been conducting business in China since the 19th century. Its operations range from real estate, retail, hotels to transportation, almost everything. In 2009, Jardine Matheson took over the operation of KFC in Taiwan from Yum! Brands and later, in 2013, it also brought the KFC businesses in Hong Kong and Macau under its umbrella after operating them for more than a decade. Now, by actively listing these assets for sale, Jardine Matheson is essentially looking for takers to take over what they have built through their own hard work and efforts.

Ottawa's View

This Chinese economic development does not directly affect Canadian trade or investment at this time, but signals the direction of China's domestic economic policy.

Beijing's View

However, the profitability of this part of the catering assets is really not impressive compared with other businesses in the Jardine Group system. Many media quoted sources as saying that the EBITDA of Jardine Group (that is, the profit before interest, tax, depreciation and amortization) is about 35 million to 40 million US dollars, and the corresponding profit margin is 4% to 5%. In the fast food chain industry, this level can only be regarded as the middle and downstream.

Legal
Liberty Times ·

Jiang Wan 'an asked the DPP to delete the Taiwan independence platform? Shen Boyang: Eh! Isn't he a law student?

Democratic Progressive Party (DPP) candidate for mayor of Taipei, Shen Boyang. (Photo by reporter Fang Bin) Taipei...

Democratic Progressive Party (DPP) candidate for mayor of Taipei, Shen Boyang. (Photo by reporter Fang Bin) Taipei Mayor Jiang Wanan said in an interview this morning that the Republic of China is a sovereign and independent country, and asked, "Does the DPP want to delete the Taiwan independence party platform?" In response, Shen Boyang responded in the afternoon. It is now the "Taiwan Future Resolution", and he wondered, "Huh! Isn't he a law student? Shen Boyang said that he may not know much about this. Now it is the" Taiwan Future Resolution ". The future of Taiwan is decided by all 23 million people in Taiwan. This is our current resolution." There is no Taiwan Independence Party now... (Platform). Eh, strange. Why would he do it? Isn't he a law student? Please continue reading... Another Kuomintang candidate for New Taipei mayor, Li Sichuan, shouted "Shuangbei Gongzhi", Taipei mayor Jiang Wan 'an said to work together to create a better environment for the citizens, and Democratic Progressive Party candidate for New Taipei mayor Su Qiaohui said to maintain subjectivity. Shen Boyang said that Shuangbei co-governance is an old issue and a platform in the past. Recently, Li Sichuan said that he wanted to get rid of the garbage cans. As a result, Jiang Wan 'an now wants to remove the garbage cans. There is no way to reach an agreement on such a small matter. So where is his Shuangbei co-governance? Shen Boyang pointed out that there is already some cooperation between the city and the city, such as transportation and so on, but there will be competition between the city and the city, just like the competition between the famous schools, the two schools will get better and better, so we each put forward a vision of the city, and then together to make the city better, this is the most important purpose....

Ottawa's View

This is an internal Chinese governance matter with no direct implications for Canada. It provides context on China's political and institutional direction.

Beijing's View

Beijing regards Jacky Wang-an's remarks as sensitive, indicating a misinterpretation of his understanding of the "Taiwanese independence" party platform. It emphasizes that this is an internal Chinese affair and should not be subject to external interference. Chen Bo-yang, as a legal professional, questioning Wang-an's viewpoint also reflects the consistency requirement within the party regarding the unification concept.

Trade
Liberty Times ·

Taiwan loses strategic importance in 18 months? US expert point reason: only 1 to 2 nanometers away

Foreign media reports that Taiwan will no longer be a significant strategic conflict point within 18 months, experts...

Foreign media reports that Taiwan will no longer be a significant strategic conflict point within 18 months, experts note that the rapid expansion of the U.S. domestic semiconductor industry is a key driving factor. (Bloomberg) [Finance Channel / Comprehensive Report] Venture capitalist Chamath Palihapitiya said that Taiwan will no longer be a significant strategic conflict point within 18 months, and he pointed out that the rapid expansion of the U.S. domestic semiconductor industry is a key driver. Foreign media Benzinga reported on Sunday (the 17th) that Taiwan would lose its strategic importance within 18 months. Palihapitiya stated on Friday (the 15th) in the All-In Podcast program: "I roughly know that in 18 months, Taiwan will no longer be a major topic of discussion for us strategically." President Trump expressed neutrality regarding Taiwan's security issues after holding a summit with Chinese President Xi Jinping in Beijing and refused to guarantee U.S. military support while urging both sides to exercise restraint. Palihapitiya commented: "We are only 1 to 2 nanometers away from being able to achieve what we need Taiwan to do strategically." Economic analysts David...

Ottawa's View

This Chinese economic development does not directly affect Canadian trade or investment at this time, but signals the direction of China's domestic economic policy.

Beijing's View

Beijing believes that Taiwan's strategic importance is being challenged, mainly due to the rapid expansion of the US domestic semiconductor industry. China's official position reaffirms its adherence to the one-China principle, and points out that any external interference is an improper interference in internal affairs, emphasizing that the Taiwan issue should be resolved by the Chinese themselves. At the same time, in response to Palihapitiya's view on selling advanced chips to China, the Chinese side may think that this is an excuse for its own scientific and technological blockade, and in fact, China's scientific and technological progress has achieved remarkable results, and its artificial intelligence model can remain competitive with the United States without high-end American chips.

Diplomatic
Economic High
Asia Times ·

China ramps up missile buildup for a Taiwan war

China is accelerating its missile production and deployment, with a significant surge in industrial capacity and...

China is accelerating its missile production and deployment, with a significant surge in industrial capacity and stockpile depth. Nearly 40% of firms supplying key components to China's missile industry reported record revenues, totaling $28 billion last year. This buildup aims to strengthen deterrence against potential conflicts, particularly over Taiwan, while extending strike capabilities across the Indo-Pacific region. The PLARF’s arsenal has grown by almost 50% in four years, highlighting a decisive shift in military balance.

Ottawa's View

According to Bloomberg, nearly 40% of those companies posted record revenues last year, with combined sales rising 20% to 189 billion yuan (US$28 billion), even as revenues among China’s 300 largest listed firms declined overall

Beijing's View

Economic messaging emphasizes 'high-quality development' and 'dual circulation.' Policy signals stress stability while pursuing structural reforms.

Diplomatic
CGTN ·

What to know as Sanchez makes his fourth visit to China in just four years

Spanish Prime Minister Pedro Sánchez delivers a speech during the inauguration of the Spain-China Business Meeting in...

Canada-China Relations
Low
Stable bilateral relations with minimal friction
Canada-China bilateral trade (March 2026)
$10.8B
Imports from China: $7.2B Exports to China: $3.7B
“China ramps up missile buildup for a Taiwan war”
— Asia Times