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AAP
AAP

China's exports grow 19 per cent, data beat forecasts

China's export growth accelerated in May, buoyed by robust demand for ‌chips, autos and other high-tech goods fuelling the global AI boom, giving 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.

Exports expanded 19.4 per cent from a year earlier in US dollar value terms, customs data showed, outpacing the 14.1 per cent gain in April ‌and a 15 per cent ‌rise tipped by ⁠economists.

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