Chinas exports surge as demand for hightech, AI help prop up economic growth
News Source : Yahoo Entertainment
News Summary
- China's export growth quickened last month, buoyed by strong overseas appetite for high-tech and AI-related products.
- Exports from the world's second-biggest economy surged 25% year-on-year in August in u.s. dollar terms.
- Imports jumped 28.2%, compared with a 27.5% increase in July and a forecast for a 30% rise.
- The divergence between resilient exports and weak activity at home highlights Beijing's continued dependence on foreign demand.
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