AI supply chain to boost Asia amid global growth slowdown

China had robust import and export growth in May despite the ongoing conflict in the Middle East. Fitch has upgraded China's GDP forecast to 4.6% this year after "surprisingly good" Q1 data. In a volatile market, SpaceX is set to go public on June 12.

Despite the ongoing conflict in the Middle Eaast, China’s foreign exports climbed 13.8% in May YoY in yuan terms, with imports surging 21.5%, according to data from China’s General Administration of Customs. The figures beat analysts' expectations and show the country's resilience in the face of severe global turbulence and uncertainty. 

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