China’s economy slowed less than expected in the second quarter in a show of resilience against U.S. tariffs, though analysts warn that weak demand at home and rising global trade risks will ramp up pressure on Beijing to roll out more stimulus.

External demand continues to support Chinese economic growth, as the first-half trade surplus surged to a new high of $586bn.

China has reported that its economy slowed in the last quarter as President Donald Trump's trade war escalated, but it still expanded at a robust 5.2% pace.

China’s economy slowed in the second quarter even as it topped market forecast in a show of resilience against U.S. tariffs, though analysts warn of underlying weakness and rising risks that will ramp up pressure on Beijing to roll out more stimulus.

China has reported its exports accelerated in June as a reprieve on U.S. tariffs prompted a rush of orders by companies and consumers.

He urged India, China, and Brazil to pressure Putin for peace talks, as these tariffs could severely impact their economies.

Tariffs on Chinese goods have taken effect, and the impact is already noticeable in ports, as cargo volumes are down, leading to supply chain disruptions.

Australia is now less sensitive to China, but Chinese growth is likely to be enough to keep the iron ore price elevated.