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  • 3 weeks ago
China's exports hit a record USD412 billion in June driven by strong demand for high-end manufacturing and AI-related products. The surge fueled a widening trade surplus and fresh scrutiny from trading partners.
Transcript
00:00China's exports surged to a record high in June, hitting $412 billion,
00:06driven by strong demand for high-end manufacturing and AI-related products.
00:10The stronger the expected performance is also likely to draw greater scrutiny from trading partners
00:16as China's trade surpluses continue to grow.
00:22Exports rose 27% from a year earlier,
00:26helped by global demand for chips and computing power to support the artificial intelligence boom.
00:31Imports also grew far more than expected, rising 36%,
00:35pushing China's monthly trade surplus to $125.6 billion, one of the highest levels on record.
00:43As China's factories continue to expand their presence in high-end industries,
00:47the country is facing growing scrutiny from trading partners over its widening trade surpluses.
00:53Beijing has rejected those concerns.
00:56Premier Li Qiang says China is not deliberately pursuing a trade surplus
01:00and attributes the country's competitiveness to its industrial strength rather than state subsidies.
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