AI Data Insight
China's cumulative year-on-year growth rate of imports denominated in RMB for the second quarter of 2026 reached 22.1%, further expanding from the previous 20.5% and hitting a recent new high. Benefiting from a surge in mechanical and electrical products and the advance stockpiling of energy and metal ores, import growth significantly outpaced exports. Short-term domestic demand replenishment will support imports at a high level, but medium-to-long-term risks of geopolitics and trade barriers must still be guarded against.