China's Exports Expected to Grow by Double Digits in September
According to a Reuters poll, China’s exports are projected to grow by 25.5% year-on-year in September, up from the previous month and driven largely by increased demand for AI-related goods. This growth is supported by stabilization in U.S.-China trade relations and rising prices of core products. Meanwhile, imports are expected to slow slightly to a 24.5% annual increase. Despite strong export performance, China continues to face challenges with sluggish domestic demand. Recent developments include the U.S. and China agreeing to roll back tariffs on $30 billion worth of goods each and extending their trade truce until January. Additionally, China has agreed to halve its hybrid car exports to the European Union following high-level negotiations. The surge in AI-related export growth highlights a shift toward technology-driven demand for Chinese-made components used in data centers.
Topics: AI Demand China Exports Global Economy U.S.-China Trade