China's exports growth beats estimates in July, as AI-driven shipments surge

China's exports rose 23% in July, beating analyst expectations of 22.2% but slowing from June's 27% surge, driven by continued global demand for high-tech components. Imports grew 27.5%, slightly below the 27.9% forecast, while the trade surplus reached $112.5 billion, exceeding estimates but narrowing from June. The strong export performance is expected to continue in the third quarter, though China's large trade surplus remains a point of contention with trading partners like the U.S. and EU.