AI Data Insight
China's export value in May 2026 recorded a MoM growth rate of 4.3%. Although this represents a slowdown from the previous 11.3%, the YoY growth significantly beat market expectations. The strong performance was primarily driven by semiconductor shipments fueled by explosive global AI demand, as well as an overseas early stockpiling wave triggered by geopolitical conflicts. Going forward, caution is warranted regarding potential disruptions from the stockpiling overdraft effect and sluggish domestic demand.