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Fitch: CN Exports Remain Resilient, Buffering Meager Domestic Demand
2026-07-24 14:26:12 Fitch Ratings said China's economic divergence has intensified, with export-oriented industries delivering strong performance. Continued policy support has mitigated the impact of weak domestic demand and uneven private-sector activity, allowing GDP to record growth of 4.7% in 1H26. During the period, export-driven sectors, particularly EVs, batteries, advanced manufacturing and tech supply chains, continued to ride on robust global demand. AI-related investment also boosted activity in areas including computing infrastructure, data centers and power supply. Fitch recently upgraded China's SOE power generation sector to reflect the growing strategic importance of reliable electricity supply for China's energy security and AI-related infrastructure construction. Fitch forecast downbeat labor market conditions, subdued confidence and the ongoing adjustment in the property market to continue weighing on household consumption, while private investment remains weak. ~ AASTOCKS Financial News Website: www.aastocks.com | |