AI Data Insight
China's newly released import month-over-month (MoM) growth rate for June 2026 turned from positive to negative, sliding to -0.7%, significantly lower than the previous value of 5.3%, highlighting a renewed slowdown in the momentum of domestic demand expansion. Although the market expected a strong year-over-year performance driven by the AI technology cycle, overall monthly performance remains suppressed by a sharp decline in commodity imports such as crude oil and a sluggish real estate sector. Going forward, the potential impact of US and European tariff policies requires close monitoring.