China’s June Exports Surge to 5-Year High, Imports Hit Record Growth
China’s trade growth accelerated beyond expectations in June, with overall exports rising 27% year-on-year in U.S. dollar terms, according to customs data released Tuesday. This surge was driven by high global demand for AI hardware and a rush by U.S. retailers to import goods before anticipated tariff hikes, as reported by CNBC. AI Hardware and … Read more