AI Data Insight
In Q3 2026, the cumulative YoY growth rate of China's total RMB-denominated imports reached 22.0%, flat with the previous reading, completely shaking off the gloom of last year's recession. Despite traditional domestic demand and the housing market remaining sluggish, benefiting from the global AI infrastructure boom and domestic industrial upgrading, the pull-in momentum for high-tech components such as semiconductors is strong, becoming the core engine supporting the overall double-digit growth in imports.