AI Data Insight
In May 2026, China's general trade surplus expanded to 696.35 billion RMB, climbing significantly from the previous value of 600.53 billion RMB, with overall foreign trade performance vastly beating market consensus. The strong import and export data primarily benefited from the global boom in AI hardware demand and a front-loading wave by overseas buyers concerned about tariff barriers. In the coming months, as inventory replenishment completes and tariff policies are implemented, export growth may face the test of a slight convergence.