China: Export Growth Beats Estimates.

China’s exports surged 23.9% year-on-year to a record high of USD 397.85 billion in July 2026, surpassing forecasts of a 22.7% rise but easing from June’s 27.0% growth. The increase was driven by strong demand for AI-related technology products and a rush by manufacturers to ship goods to the US ahead of potential new tariffs.