Chinas exports surge as demand for hightech, AI help prop up economic growth

Image for article 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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