Customs data: China’s 1H exports of machinery and electrical products totaled
9.36 trn yuan, up 20.1%, accounting for 63.5% of total exports (up 3.5 ppts
year‑on‑year). High‑technology exports were 3.26 trn yuan, up 39%. Imports rose
28.8% in 1H, outpacing export growth by 8.7 ppts; import growth by category:
energy and other bulk commodities +3.4%, machinery & electrical +28%,
agricultural products +8.6%.