AI Data Insight
In the second quarter of 2026, the contribution of China's net exports of goods and services to GDP growth reached 20.8%, significantly expanding from 15.3% in the first quarter. Although foreign trade performed strongly due to global AI and green energy demand, overall Q2 GDP growth was only 4.3%, falling short of the market consensus of 4.5% due to weak domestic investment and consumption. Going forward, close attention must be paid to the strength of official policy stimulus and the potential impact of US and European trade barriers on the export engine.