AI Data Insight
China's total RMB-denominated imports reached 1,863.795 billion yuan in April 2026. Although representing a slight decrease from the previous month, this marks a year-on-year increase of over 20%, significantly beating market expectations. This robust growth is primarily driven by the global AI infrastructure boom, fueling strong order momentum for semiconductors and high-tech components. Looking ahead, while geopolitical tensions have prompted defensive stockpiling by enterprises, close attention must still be paid to potential risks arising from weak domestic demand and energy price volatility.