China's July exports rose 23.9%, beating forecasts as strong global AI-related demand and pre-tariff shipments boosted trade. High-tech and semiconductor exports remained key growth drivers despite fresh U.S. restrictions. Robust exports supported markets, but weak domestic demand, slowing investment and escalating trade tensions continue to cloud China's broader economic outlook.

Import and export growth readings beat economists’ forecasts, driven by higher chip prices and a jump in tech shipments.

Readings for import and export growth beat forecasts from economists as trade surplus narrows in July.