Beijing ¨C China¡¯s export growth accelerated in May, buoyed by robust demand for chips, autos and other high-tech goods fueling the global AI boom, providing policymakers some relief as energy price shocks from the Iran conflict weigh on broader demand.
A surge in global AI investment has helped the world¡¯s top manufacturer offset the export hit many had expected from the Middle East turmoil. But signs are emerging that stockpiling linked to higher energy ?costs is fading, with prices rising and overseas buyers starting to run down inventories as they hold out for a ceasefire.
Exports expanded 19.4% from a ?year earlier ?in U.S. dollar value terms, customs data showed on Tuesday, outpacing the 14.1% gain in April and a 15% rise tipped ?by economists.
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