While the sector is temporarily rescuing industrial profits and boosting exports, it is also exacerbating structural inequalities and threatening Beijing’s shift to a consumption-driven economy

Exports rose 27% while imports climbed 36% in June, with AI-linked electronics helping drive the fastest growth in nearly five years.

China's exports saw a significant surge in June, driven by global AI demand and auto sales. Imports also jumped considerably, reaching a five-year high according to customs data.…