China’s Exports Rise 23.9% YoY as Chip Demand Surges

China’s exports rose 23.9% in July from a year earlier, beating analyst forecasts. A worldwide buildout of artificial intelligence (AI) infrastructure lifted demand for the country’s chips and high-tech goods. The gains kept the world’s second-largest economy on track through a year of trade shocks. Yet, they also highlight the split between booming factory exports