AI Data Insight
Latest data shows that in Q2 2026 (up to March), the cumulative year-on-year growth rate of China's total imports denominated in RMB reached 20.0%, exceeding the previous quarter's 19.6% and demonstrating robust double-digit growth for three consecutive months. This performance significantly beat initial market expectations, mainly driven by advanced stockpiling of commodities due to Middle East geopolitics, as well as surging domestic demand for AI-related high-tech equipment. Going forward, attention must be paid to the squeezing effect of rising import costs on corporate profits, and the actual sustainability of the end-consumer domestic demand recovery.