Report
China records $378 billion first-half current account surplus and $88 billion AI hardware deficit
Caixin reports that two-way AI product trade rose 48% in the first half, but soaring domestic demand for computing hardware left China with an $88 billion deficit in that segment.
TLDR
Caixin reports that China logged a $378 billion current account surplus in the first half. It says the forex regulator highlighted AI as a primary trade engine, while two-way AI product trade rose 48%. Demand for computing hardware also left the country with an $88 billion deficit in that segment.
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