Key facts
- China's exports grew 23.9% year-on-year in July.
- Imports increased by 27.5% in July.
- Strong demand for AI infrastructure fueled export growth.
- The export figures were recorded before the implementation of higher U.S. tariffs.
China's export engine showed robust performance in July, with a 23.9% year-on-year expansion. This surge was largely attributed to the increasing global demand for AI infrastructure. Concurrently, imports saw a significant rise of 27.5% compared to July of the previous year, although this growth rate was a deceleration from the 36% jump observed in June. This export performance occurred ahead of the anticipated implementation of higher tariffs by the United States, suggesting a potential impact on future trade dynamics.