On June 9, the Chinese Customs General said the total export of May increased by 19,4%, importing more than 27% of the same year. Both of these figures are higher than April and stronger than the economists' predictions in the survey of *Reuters. The commercial surplus of May so also went to 105.4 billion.
In terms of the American market, exports increased by 35,4% over last year. This has been the highest speed since June 1893021, according to Wind Information Research. American trade - China is still recovering, after dropping at two-digit rate in most of last year due to import tax pressure.
- The worker at a hardware factory assists self-driving technology in Guangdong in 340026. Image: Reuters*
On *China Daily, experts claim that commercial tensions of two despotic countries following the visit of the U.S. President Donald Trump in mid-May can reduce unrest with Beijing exports, as well as American businesses.
"Integration with the US helps reduce external unrest with China, through which contributes significantly to economic stability, and vice president Zhu Min - Former Vice President of the International Money Fund (IMF) says
US import tax with Chinese goods are now at a general rate of 10%, after the Supreme Court rejects tax levels that President Donald Trump imposed the International Economic Limitation Act (IEEPA) at the end of February. However, tariffs follow different rules with each industry such as aluminum, steel, and cars are kept at 10 to 50%.
In May, China's exports were motivated by the demand for high-tech products worldwide. This need is expected to remain strong for the last half of the year, thereby creating the necessary support for this country's economic growth.
Robin Xing - China's head-in-chief economy at Morgan Stanley's view of China's export is showing "the amazing ability to resist", thanks to the global investment into artificial intelligence (AI) and the extended growth cycle of energy industry.
Xing states that Chinese businesses have built "intensively competitive power" in the print board segment (PCB), optical and chip components, thereby benefiting from the growth of the AI hardware sector. According to the Chamber of Commerce importing machines and Chinese electronic products, in the first four months of the year, the mass of integrated circuit exports (IC) increases by 10.6%, the export value increases to 78,3%.
In the energy sector, Xin said large-scale AI data centers need enormous power. China currently has its "leading position" in the global transfer of energy, from wind power components, solar electricity to power grids and batteries.
According to the China Customs General, 4 months early this year, exports electric cars to a 68.1% increase compared to the same year before. Exports the Melbourne batteries to 43.2%, the wind generator increases 40,7%.