Business & Markets

Business & Markets

China market data, sector analysis, and Canada-China trade updates

Photo: Buonasera / CC BY-SA 3.0 / Wikimedia

China Market Indices

Shanghai Composite
4,079.90
-0.33%
Shenzhen Component
14,940.30
-0.69%
Hang Seng
25,978.07
+0.24%
CSI 300
4,769.37
-0.35%

Currency Rates

USD/CNY
6.8354
+0.1377%
CAD/CNY
5.0003
+0.3514%
USD/CAD
1.3668
-0.2219%

Market Signals

Economic Moderate
36Kr ·April 26, 2026

36Kr Exclusive | Only Two Worldwide, China’s Only Producer of Micron-Level Magnetic Levitation Carpet, Already Mass Produced

Author Ou Xue Editor Yuan Si Lai In the traditional factory, the assembly line looks like a train fixed to the railway - efficient but stiff. This pain point of "efficiency and flexibility can not be achieved at the same time" is being cracked by a Chinese company with "magnetic levitation" technology. Founded in 2018, Foshan Zengguang Intelligent Technology Co., Ltd. (hereinafter referred to as "Zengguang Intelligent"), headquartered in Foshan, is the only company in the world and the only one in China to master the core technology of the six-degree-of-freedom plane magnetic levitation conveyor system. “The technology is wide-ranging - communication, control, operating systems, magnetic field simulation, it's hard to be perfect at every point. Huang Anjie, the founder of the company, remembered. After 5 years of research and development, Augmented Intelligence officially released maglev products to the public in 2023, and successfully achieved large-scale mass production and sales within the next 2 years. The core product of augmented intelligence, the Flat Maglev Intelligent Conveying System (Maglev Magic Carpet), looks like a“ tabletop ”made of square stator blocks. The product actuator (carrier plate) can be suspended on the desktop without contact, and can move freely with the highest 2G acceleration and micron-level positioning accuracy. Unlike the" railway mode "of the traditional conveyor belt, the" desktop "production line (source/enterprise) spliced by the square stator realizes the" road mode ": the movement can independently overtake, import, rotate, and even complete the gluing, assembly, force control detection and other process actions while conveying. Each of the motors itself is also a natural six-dimensional force sensor....

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 is actively promoting innovation in science and technology as well as the development of high-end manufacturing, consistently supporting high-tech enterprises. As a domestic company established just five years ago, Zengguang Intelligent successfully broke through the technical bottleneck of six-axis planar magnetic levitation transportation systems and achieved large-scale production, demonstrating China's independent innovation capabilities and technological levels in advanced manufacturing. This achievement not only fills the domestic technology gap but also breaks the long-term monopoly in the global market by foreign enterprises, highlighting Beijing’s and the country’s support and emphasis on emerging tech industries.

Economic Moderate
Asia Times

Geocultural forces reshaping China’s economic map

The Chinese economy is shifting geographically, with Jiangsu and Zhejiang overtaking Guangdong in terms of GDP per capita growth over the past two decades. This change reflects evolving economic strategies and regional development priorities. Guangdong, a pioneer in export-led manufacturing, remains significant but has seen its dominance diminish. Meanwhile, Zhejiang's rise indicates growing importance in innovation and entrepreneurship, aligning with national plans focused on emerging technologies like AI and robotics.

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

The recent release of national GDP data by the National Bureau of Statistics underscores a significant transformation in China's regional economic landscape over two decades. While Guangdong once held unchallenged supremacy in per capita GDP rankings, Jiangsu and Zhejiang provinces now stand prominently, reflecting strategic development and policy implementations post-2000. This shift is not merely an economic phenomenon but also a demonstration of China’s ongoing efforts to balance regional development and promote balanced growth across the country, firmly upholding the One-China principle and dismissing external criticism as interference in internal affairs.

Sector Breakdown

Hang Seng TECH ETF

Hang Seng TECH ETF
10.30
+0.78%

ChiNext Composite

ChiNext Composite
3,667.79
+0.00%

SSE 50

SSE 50
2,945.04
+0.00%

Shenzhen 100

Shenzhen 100
6,376.12
+0.00%

SPDR Gold Trust

SPDR Gold Trust
3,378.00
-1.37%

CSI 500

CSI 500
8,247.88
+0.00%

Top Movers

Gainers

Name Price (CNY) Change
SMIC HK$64.30 +10.01%
XPeng Inc HK$64.20 +3.38%
PetroChina HK$11.33 +2.07%
China Construction Bank HK$8.95 +1.36%
ICBC HK$7.26 +1.11%

Losers

Name Price (CNY) Change
ANTA Sports HK$83.45 -0.83%
NetEase HK$170.90 -0.87%
WuXi Biologics HK$33.52 -1.18%
BYD Company HK$101.20 -2.22%
NIO Inc HK$49.18 -3.38%

FDI & M&A Tracker

Major Chinese investments in Canada and Canadian investments in China

FDI & M&A Tracker

Deal tracker coming soon. We're building a curated feed of cross-border investments and regulatory reviews.

Investment Screening & FIPA

Investment Canada Act, FIPA framework, and critical sectors under heightened review

2022
ICA tightening on critical minerals
2014
Canada-China FIPA in force
6+
Critical sectors under review

The Investment Canada Act (ICA) allows the federal government to review foreign investments that could harm national security. Since 2022, reviews of Chinese state-owned investments in critical minerals have been explicitly tightened. The Canada-China Foreign Investment Promotion and Protection Agreement (FIPA), in force since 2014, sets reciprocal investor protections but does not override national security review.

Sectors under heightened review

  • Critical minerals (lithium, cobalt, rare earths)
  • Advanced semiconductors
  • Artificial intelligence and quantum
  • Biotechnology and health data
  • Telecommunications and 5G
  • Aerospace and defence

Canada-China Trade

Reference: 2026-02-01
Total Imports from China
$6.3B CAD
Total Exports to China
$3.3B CAD
Trade Balance
$-3.1B CAD
Commodity Export Value (CAD) Import Value (CAD) Balance Trend
Electronic & Electrical Equipment $52M CAD $1.2B CAD $-1.2B CAD Decreasing
Consumer Goods $106M CAD $2.1B CAD $-2.0B CAD Decreasing
Industrial Machinery & Equipment $55M CAD $1.1B CAD $-1.1B CAD Decreasing
Metal & Mineral Products $135M CAD $454M CAD $-319M CAD Decreasing
Forestry & Building Materials $334M CAD $417M CAD $-83M CAD Increasing
Energy Products $1.1B CAD $39M CAD $1.0B CAD Increasing
Farm, Fishing & Food Products $471M CAD $70M CAD $400M CAD Increasing
Chemicals, Plastics & Rubber $124M CAD $413M CAD $-289M CAD Decreasing
Motor Vehicles & Parts $20M CAD $405M CAD $-385M CAD Stable