Growth was supported by a surge of exports from Chinese manufacturers, as customers and producers alike took advantage of the U.S.-China trade war ceasefire.

The European Union has warned that its trade with the United States could be effectively wiped out if Washington makes good on its threat to slap a 30% tariff on goods imported from the bloc.

China's trade surplus surged in June, which analysts have attributed to exporters rushing to ship products before U.S. tariffs recommence.