China's July exports beat forecasts on robust high-tech demand
China's exports grew 23.9% year-on-year in July, comfortably beating analyst forecasts. Semiconductor shipments nearly doubled, with the surge driven largely by robust global demand for high-tech goods. The data suggests China's trade sector remains resilient despite ongoing tensions with the United States.
China's July export figures beat economists' forecasts by a wide margin. According to customs data, exports rose 23.9% compared with the same month last year, well above the more modest growth analysts had expected.
Much of the gain came from the high-tech sector, with semiconductor shipments nearly doubling. Robust global demand for AI-related hardware helped Chinese manufacturers boost export volumes, even as the United States imposed new tariffs in July.
The data suggests China's economy has been more resilient to ongoing trade tensions than expected. Economists say the strong export figures could help Beijing meet its growth targets for the rest of the year, though weak domestic demand remains a lingering risk.
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