China’s Export Soars with Technological Boom Amid Slow Domestic Economy

China’s exports saw a significant boost in June, driven by demand for chips fueling the global AI surge and automobiles, highlighting the country’s heavy reliance on international markets while grappling with weak domestic demand. Despite challenges faced by the world’s second-largest economy, strong trade performance is expected to maintain a surplus above $1 trillion for a second consecutive year. The latest customs data revealed a 27% increase in exports from the previous year, surpassing expectations and marking the best performance in four months. Conversely, imports surged by 36%, indicating a five-year high, reflecting the economy’s polarization – with AI driving…