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AI Boosts Second-Richest Country's Exports
The article discusses Singapore's non-oil exports in May, which achieved a record growth rate of 38.4% year-on-year, the fastest pace since 2003. Electronics (such as chips and appliances) accounted for the largest share of this increase, with exports rising by 94.8% due to heavy investments in artificial intelligence technologies and data centers. Export trends are expected to remain positive, despite fluctuations in the monthly growth rate.
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