On July 8, Xing Ziqiang, Chief China Economist at Morgan Stanley, highlighted in a speech that China’s economy exhibited resilient performance on the industrial supply front during the first half of the year, with high-quality productive forces emerging as a pivotal driver of economic expansion. From January to May, China’s exports of AI-related infrastructure skyrocketed by 90% year-on-year, surpassing $130 billion. Additionally, exports of the “new three” products—electric vehicles, lithium-ion batteries, and solar cells—also witnessed a 50% year-on-year increase, significantly contributing to the achievement of economic growth targets for the first half of the year.
