AI Demand Is Shielding China's Booming Trade From War Shocks 1 / 3 [Yahoo! Finance Canada]
S&P Global Inc. (SPGI)
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Source: Yahoo! Finance Canada
Nearly 20 million containers moved through Chinese ports in the first three weeks of March, an increase of more than 6% from the same period a year ago, according to data released on Monday by the Ministry of Transport. While moderating from the 12% gain seen in the first nine weeks of the year, the pace of increase indicates that aftershocks from the conflict in the Middle East have yet to become a serious drag on Chinese trade. The country's export performance stands out as global merchandise trade risks a deeper slowdown this year if the war keeps energy prices high for a sustained period. Strong global demand driven by investments in data centers and power equipment is likely helping ward off external threats for Chinese companies. As evidence, economists point to a strong correlation between China's outbound shipments and its imports from South Korea because of the deep integration between the two countries' supply chains. South Korea's exports to China recorded a 69% jump
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