Last year, China’s foreign trade surplus reached a record high. This year, the country’s trade continues to thrive, mainly due to increased demand abroad for semiconductors, computer equipment, and other AI-related products.
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According to the General Administration of Customs, exports in August increased by 25% compared to the same period last year, and the growth rate accelerated compared to the 23.9% recorded in July. However, the August figure was slightly lower than the 25.9% forecasted by economists surveyed by Bloomberg.
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