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Chinese exports rise in July

Chinese exports rose unexpectedly in July, beating expectations for a fall, as trade tensions with the US continued to simmer.
 
Official figures showed exports rose 3.3 per cent last month, compared to forecasts for a two per cent drop.
 
Imports fell 5.6 per cent in July, less than the expected 8.3 per cent decline.
 
Still, analysts tip China's economy will remain under pressure as Washington prepares to hit Beijing with a fresh round of tariffs next month.
 
The US has vowed to impose duties on $300 billion worth of Chinese products on September 1, after long-running trade negotiations between the two countries broke down.


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