China's exports growth is likely to remain solid, according to BofA Securities
economists in a research note. Heightened Middle East tensions and elevated
energy prices have fueled concerns over a global trade slowdown, they note.
Steady Chinese yuan appreciation is also viewed by some clients as a potential
drag on competitiveness, the economists say. However, ongoing AI-related capital
expenditure, rising global demand for renewable energy equipment and electric
vehicles, should continue to provide cyclical support to China's exports, they
add. BofA maintains China's export growth forecast at 4.8% for 2026.
