Global Market: China’s July exports top forecasts as AI boom and pre-tariff rush fuel trade growth

China's July exports rose 23.9%, beating forecasts as strong global AI-related demand and pre-tariff shipments boosted trade. High-tech and semiconductor exports remained key growth drivers despite fresh U.S. restrictions. Robust exports supported markets, but weak domestic demand, slowing investment and escalating trade tensions continue to cloud China's broader economic outlook.