China’s export growth topped forecasts in June, buoyed by strong demand for semiconductors and AI-related technology products. The country’s exports climbed 27% from a year earlier in U.S. dollar value terms, customs data showed, outpacing the 19.4% gain in April and an 18.2% rise forecast by economists.
Strong Demand for AI-Related Technology Products
Global AI investment is providing an important cushion for manufacturers in China’s $20 trillion economy, even as disruption from the Middle East conflict and a prolonged property slump continue to weigh on broader growth. Chinese exporters got a boost as U.S. retailers brought forward orders by four to six weeks to stock up for Black Friday and Christmas sales ahead of expected tariff hikes later this year.
China’s trade surplus came in at $125.6 billion in June, up from $105.4 billion a month prior. The stronger-than-expected trade performance suggests Chinese manufacturers continued to sustain sales despite slowing growth in major economies and uncertainty over trade relations with Washington.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
