China's Exports Soar, Defying Trade Tensions

0:00On March 10, China's exports surged nearly 22% in the first two months of the year, compared to last year, driven mainly by strong, sales of computer chips, cars, and electronics. Those numbers beat economist predictions by a wide margin and topped December 6.6% growth. Shipments to the United States dropped 11%, but exports to the European Union jumped almost 28% and sales to Latin. China rose 16%, trade with other Asian countries, like Japan and India, also saw big gains. This export strength has helped China's economy amid U.S. trade tensions, where higher tariffs cut into American-bound goods. Demand for semiconductors, fueled by artificial intelligence, boosted chip exports by 73%, while car shipments climbed 67%, imports grew almost 20% overall, though purchases from the U.S. fell 27%, leaving a trade surplus of $2.13.6 billion.

1:03Officials set a growth target of 4.5% to 5% for next year, the lowest in decades, as a property slum drags on the economy. Meanwhile, Middle East conflicts add risks by threatening oil supplies and global trade routes, which could hike energy costs and slow demand for. Chinese products worldwide.