Global Market: China’s July exports top forecasts as AI boom and pre-tariff rush fuel trade growth

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Synopsis China’s July exports rose 23.9%, beating forecasts as strong global AI-related demand and pre-tariff shipments boosted trade. High-tech and semiconductor exports remained key growth drivers despite fresh U.S. restrictions. Robust exports supported markets, but weak domestic demand, slowing investment and escalating trade tensions continue to cloud China’s broader economic outlook. China’s exports continued to outperform expectations in July, underscoring the country’s reliance on overseas demand. Strong global appetite for artificial intelligence (AI)-related products and a rush to ship goods ahead of higher U.S. tariffs supported trade, according to customs data reported by Reuters. Exports rose 23.9% year-on-year in U.S….

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