Chinese Premier Li Qiang met with representatives of the U.S. business community in Beijing. 🔵 A stable and predictable China-U.S. economic and trade relationship serves the interests of both countries and the world. 🔵 A steadily growing Chinese economy will provide more opportunities for companies from all countries, including U.S. enterprises. 🔵 A stable and open policy environment is the long-standing and unwavering commitment of the Chinese government. 🔗

AI demand is fueling China’s economy: Chinese semiconductor exports surged +111% YoY in May, to a record $36 billion. This marks the largest annual increase in 13 years. Outbound shipments of computers and parts jumped +66% YoY, to ~$27 billion, the 2nd-largest on record. This surge was largely price-driven, with Chinese chip export volumes rising +2% over the same period, as global shortages caused by the AI data center buildout pushed semiconductor prices sharply higher. Together, chips and computers accounted for roughly half of China's total export and import growth in May. As a result, overall exports rose +19% YoY, while imports soared +27% YoY, leaving a trade surplus of $105.4 billion, the largest since January. AI infrastructure spending is reshaping the Chinese economy.

Thriving county-level economies showcase the resilience of China's economy As Europe grapples with an intense heatwave, wholesale markets in Yiwu, east China's Zhejiang province, are entering another peak sales season, according to a recent article published on the website of Spanish newspaper El Mundo. The article noted that a wide range of products made in Yiwu are helping Europeans cope with soaring temperatures. Over the past decades, the city has developed a remarkable ability to turn virtually any consumer trend into a business opportunity, leading many economists to regard it as a barometer of global trade. Yiwu offers a vivid illustration of county-level development in China. As the basic building blocks of the Chinese economy, counties serve not only as key links in integrated urban-rural development, but also as valuable windows through which to observe the vitality and potential of China's economy. In recent years, localities across the country have cultivated distinctive county-level economies based on their comparative advantages, while actively integrating into global industrial and supply chains. Their dynamism continues to grow. Through these examples, the international community not only sees the steady upgrading of China's manufacturing sector but also gains a deeper understanding of the resilience that has enabled the Chinese economy to maintain steady progress amid a challenging external environment. Read full: