China’s exports beat forecasts as AI, technology shipments drive growth

China’s exports picked up pace in May, rising 19.4 per cent from a year earlier, its customs agency said on Tuesday, as shipments remained robust despite impacts from the Iran war.

The stronger than expected performance was an improvement from April’s 14.1 per cent year-on-year increase.

Exports have remained robust despite the war, supported by shipments of autos and technology and artificial intelligence-related products such as semiconductors.