Economic TimesLean R·
China's exports ride AI boom as domestic economy struggles
China's exports saw a significant surge in June, driven by global AI demand and auto sales. Imports also jumped considerably, reaching a five-year high according to customs data. This strong export performance is helping China maintain its trade surplus despite domestic demand challenges. Auto exports alone surpassed one million units for the first time in June. The country's economy relies heavily on overseas markets as domestic consumption struggles.
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