AI Data Insight
The newly released RMB-denominated trade balance for China in Q2 2026 reached 723.98 billion RMB, expanding significantly from the previous value of 585.69 billion RMB and substantially beating market consensus. Both imports and exports achieved double-digit growth, primarily benefiting from the safe-haven stockpiling effect driven by geopolitics, as well as global demand for AI and green energy technology. Despite the short-term explosive growth, mid- to long-term tariff risks and weak domestic demand remain hidden concerns.