AI Data Insight
China's total exports denominated in US dollars reached $376.78 billion in May 2026, showing significant growth from the previous month with a year-on-year increase of 19.4%, far exceeding market expectations of 15%. This strong performance is mainly attributed to the explosive global demand for AI infrastructure and a wave of front-loading triggered by geopolitics. Despite stellar external demand, a decline in the new export orders PMI suggests short-term momentum may slow down, and the "K-shaped" recovery marked by uneven internal and external demand also remains a hidden concern.