China's AI-driven exports surged 14.1% YoY in April with high-tech products up 39.2%, pushing the yuan to a three-year high at 6.8 CNY/USD.

Booming electronics and metals sectors outpace weaker downstream manufacturers

China's industrial profits jumped 24.7% in April 2026, driven by booming AI semiconductor demand and rising oil prices, extending a strong Q1 growth trend.