China May Trade Data Beats Forecasts on AI Demand
China's exports grew 19.4% in May as overseas buyers front-loaded orders to mitigate energy costs and maintained strong demand for semiconductors. Imports also rose 27.4% while the trade surplus reached $105.43 billion, exceeding economist expectations despite concerns over persistent industrial overcapacity.
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China exports rose 19.4% in May as global buyers front-loaded orders to hedge against Gulf war energy costs. The growth outpaced the 15% expansion forecast by economists and exceeded the 14.1% gain recorded in April. This surge provides a temporary buffer for the $20 trillion economy as it faces cooling momentum and fragile domestic demand.
