AI Data Insight
China's cumulative total imports denominated in RMB for the first five months of 2026 reached a year-on-year growth rate of 20.5%, further expanding from 20.0% in the first four months, with single-month import and export growth both significantly beating market consensus. Benefiting from the explosive global demand for AI hardware and the front-loading of shipments by overseas buyers to hedge against geopolitical risks, short-term foreign trade has demonstrated strong resilience. However, as new order data declines, attention must be paid to the risk of slowing momentum in the medium to long term.