China has reported its exports surged 7.2% in July from a year earlier while its imports grew at the fastest pace in a year, as businesses rushed to take advantage of a truce in President Donald Trump's trade war with Beijing.

Imports climbed 4.1%, leaving a surplus of $98.2 billion. The resilience in overseas shipments comes despite the high tariffs imposed by the US, suggesting that global demand remains a significant driver for China’s economy. Shipments to the US fell 22% from a year earlier after slumping just over 16% in June.

China's exports beat forecasts in July, as manufacturers made the most of a fragile tariff truce between Beijing and Washington to ship goods ahead of a looming deadline later this month.