ChinaAI hardware drove 40.3% of China’s export growth in nine months.

Trade economist He Weiwen cites that to rebut the overcapacity charge from the US and EU.

His figures show a $123.5 billion deficit in chips and data-processing equipment, as imports outgrew exports.

His figures also put September’s surplus at $133.5 billion, an annualised peak of $1.6 trillion.

The EU, he writes, plans tougher trade restrictions after a G20 statement blamed China’s surplus.

How each outlet framed it
TMTPost
argues China has no overcapacity in AI goods, since AI-related IT and chip imports (US$6.57bn... ~US$1.24bn deficit) exceed exports, and cites WTO's revised 3.9% trade growth

Sources: TMTPost