China's exports unexpectedly rise in July

China's exports beat expectations to rise in July while its purchases continued to shrink, official data showed on Thursday, despite simmering U.S trade tensions.

The trade war with the United States and weakening global demand had weighed on China's manufacturing sector during the first six months of the year, with its global exports roughly flat from a year earlier.

But in July China's exports rose 3.3 percent on-year, the customs administration's figures showed, ahead of the one percent drop forecast by a 'Bloomberg News' poll.

China's economy slowed to 6.2 per cent growth in the second quarter, the slowest quarterly pace in nearly 30 years.

But it does not look to be out of the woods yet, with shrinking imports pointing to weak demand at home.

Imports fell 5.6 per cent on-year in July, contracting for the third consecutive month -- though by less than the forecast 9 percent drop.

China's trade surplus fell to USD 45.1 billion for the month, from USD 51.0 billion in June.