AI Data Insight
In May (Q2 2026), China's total imports denominated in RMB surged by 21.5% year-over-year, further expanding from the previous 20.6%. This marks not only the fourth consecutive month of double-digit growth but also beats market expectations. The robust data primarily benefited from the pull-in demand for AI hardware equipment and the "advance stockpiling" effect in response to geopolitical risks. Although foreign trade demonstrates resilience, future attention must still be paid to the recovery of the domestic demand structure and potential pressures from international trade barriers.