The Kobeissi Letter(@KobeissiLetter):China is seeing a historic boom in exports due to AI. China’s exports rose +25% YoY in August, their 3rd-largest monthly reading in at least 2 years. At the same time, imports surged +28%, pushing the monthly trade surplus to +$119 billion and the year-to-date surplus to +$806 billion. This puts China’s trade surplus on track for another annual record, following the $1.2 trillion seen in 2025. This all comes as high-tech exports contributed more than half of China’s export growth last month. Integrated-circuit shipments soared +130% YoY in August, while high-tech product exports jumped +57%. The AI boom is increasingly powering China’s export engine.

2026.09.24 01:03

China is seeing a historic boom in exports due to AI. China’s exports rose +25% YoY in August, their 3rd-largest monthly reading in at least 2 years. At the same time, imports surged +28%, pushing the monthly trade surplus to +$119 billion and the year-to-date surplus to +$806 billion. This puts China’s trade surplus on track for another annual record, following the $1.2 trillion seen in 2025. This all comes as high-tech exports contributed more than half of China’s export growth last month. Integrated-circuit shipments soared +130% YoY in August, while high-tech product exports jumped +57%. The AI boom is increasingly powering China’s export engine.