China's June trade tops forecasts buoyed by AI boom
- BEIJING: China's exports surged in June, buoyed by demand for chips and data centre computing power to fuel the global AI boom, giving policymakers grappling with how to boost domestic demand in the world's second-largest economy a much-needed buffer.
- The stronger-than-expected trade performance shows Chinese manufacturers continued to sustain sales despite slowing growth in major economies and uncertainty over trade relations with Washington.
- Strong demand for AI-related technology products, front-loading of US-bound shipments and aggressive pricing by Chinese exporters helped support overseas
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- BEIJING: China's exports surged in June, buoyed by demand for chips and data centre computing power to fuel the global AI boom, giving policymakers grappling with how to boost domestic demand in the world's second-largest economy a much-needed buffer.
- The stronger-than-expected trade performance shows Chinese manufacturers continued to sustain sales despite slowing growth in major economies and uncertainty over trade relations with Washington.
- Strong demand for AI-related technology products, front-loading of US-bound shipments and aggressive pricing by Chinese exporters helped support overseas
Sources: CNA