The State Administration of Foreign Exchange issued the “China Balance of Payments Report for the First Half of 2026”. Among them, it was mentioned that China's exports of power equipment and supporting infrastructure provide high-quality product supply for global AI development. In the first half of 2026, China's power facility exports accounted for 26% of total exports of AI-related products, which was higher than 12% of imports, with a trade surplus of US$88.6 billion. The share of exports and imports of supporting infrastructure products was 23% and 13%, respectively, with a trade surplus of US$63.8 billion. According to the International Energy Agency's forecast, global data center electricity demand will rise from 415 terawatt-hours to 945 terawatt-hours by 2030. China's power facilities have high production efficiency and low cost, and exports of related products provide important support for the development of the global AI industry. AI computing power hardware such as advanced semiconductors in China is in a relatively rapid development stage, and the trade structure is expected to be gradually optimized. In the first half of 2026, China's computing power hardware exports accounted for 50% of total AI-related product exports and 70% of total imports, with a trade deficit of 88 billion US dollars. The world's top 7 computing hardware products have become semiconductor products such as integrated circuits, and AI development has led to an increase in global demand for semiconductor products. China is deeply involved in the global semiconductor industry chain. Exports of mature semiconductor manufacturing, package testing, etc. support the development of the global semiconductor industry; independent R&D and manufacturing capabilities of high-end memory chips are gradually increasing, and domestic semiconductor companies are gradually expanding upstream of the global industrial chain. Furthermore, China's AI big model development and open source development are developing rapidly, and trade in computing power services will also drive the growth of related computing hardware trade. The regional distribution of AI-related product trade in China is closely related to the layout of the global AI industry chain. In terms of exports, Hong Kong, China is the largest transit point. Exports to Hong Kong, China accounted for 29% of total AI-related product exports in the first half of 2026. Exports to South Korea, the US, and Taiwan account for 10%, 8%, and 7%, respectively. In terms of imports, it is mainly concentrated in South Korea and Taiwan, and the total import scale accounts for 60% of total imports of AI-related products. Imports from Japan account for 11%.
Zhitongcaijing · 1d ago
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The State Administration of Foreign Exchange issued the “China Balance of Payments Report for the First Half of 2026”. Among them, it was mentioned that China's exports of power equipment and supporting infrastructure provide high-quality product supply for global AI development. In the first half of 2026, China's power facility exports accounted for 26% of total exports of AI-related products, which was higher than 12% of imports, with a trade surplus of US$88.6 billion. The share of exports and imports of supporting infrastructure products was 23% and 13%, respectively, with a trade surplus of US$63.8 billion. According to the International Energy Agency's forecast, global data center electricity demand will rise from 415 terawatt-hours to 945 terawatt-hours by 2030. China's power facilities have high production efficiency and low cost, and exports of related products provide important support for the development of the global AI industry. AI computing power hardware such as advanced semiconductors in China is in a relatively rapid development stage, and the trade structure is expected to be gradually optimized. In the first half of 2026, China's computing power hardware exports accounted for 50% of total AI-related product exports and 70% of total imports, with a trade deficit of 88 billion US dollars. The world's top 7 computing hardware products have become semiconductor products such as integrated circuits, and AI development has led to an increase in global demand for semiconductor products. China is deeply involved in the global semiconductor industry chain. Exports of mature semiconductor manufacturing, package testing, etc. support the development of the global semiconductor industry; independent R&D and manufacturing capabilities of high-end memory chips are gradually increasing, and domestic semiconductor companies are gradually expanding upstream of the global industrial chain. Furthermore, China's AI big model development and open source development are developing rapidly, and trade in computing power services will also drive the growth of related computing hardware trade. The regional distribution of AI-related product trade in China is closely related to the layout of the global AI industry chain. In terms of exports, Hong Kong, China is the largest transit point. Exports to Hong Kong, China accounted for 29% of total AI-related product exports in the first half of 2026. Exports to South Korea, the US, and Taiwan account for 10%, 8%, and 7%, respectively. In terms of imports, it is mainly concentrated in South Korea and Taiwan, and the total import scale accounts for 60% of total imports of AI-related products. Imports from Japan account for 11%.
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