A robot is trained in a logistics scenario at a training center for embodied AI in Xiong'an, North China's Hebei province, June 23, 2026. [Photo/Xinhua]
High-tech investment and exports remain key bright spots of China's economy, supported by strong global demand for advanced manufacturing and Beijing's innovation-driven development strategy, according to an economist from HSBC.
China has built a strong competitive edge in electronics, green technology and advanced machinery, with robust overseas demand continuing to support exports, said Frederic Neumann, chief Asia economist, co-head of Global Investment Research Asia and managing director at HSBC.
The recent energy price shock has reinforced demand for renewable energy technology and electric vehicles, where China's economy excels, while the rapid expansion of AI infrastructure worldwide has fueled demand for all types of electronics, further boosting exports from China, he said.
At home, Beijing's emphasis on innovation-driven growth has boosted demand for high-tech investment and goods, including artificial intelligence-related investments, robotics and biotechnology. Neumann expects both domestic and overseas demand for high-tech products and services to remain resilient through the second half of the year, providing important support for the growth of China's economy.
