China exports surge on AI demand despite slowing growth; PBOC injects record liquidity
China’s exports and imports grew at their fastest pace in five years in June, powered by the global artificial intelligence super cycle.
China's exports rose 27% year-on-year in June, accelerating from 19.4% in May and beating market expectations of 18%-19%, according to the General Administration of Customs. Imports climbed 36%, up from 27.4% in May and well above forecasts of 24%-26%.
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