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.

U.S. President Donald Trump ratchet up tariffs on Chinese imports to a prohibitive level of 145%, spurring a round of stimulus measures from Beijing.

Two economics professors say the U.S. is facing another big shock from China, and it could be worse than the first. They have a survival plan.

Shoppers are taking advantage of a $42 billion government trade-in program aimed at boosting spending. But in recent weeks, some cities have started to cut back on the subsidies.

China's economy showed signs of cooling in the second quarter of the year. Trade tensions and a property downturn contributed to this slowdown, increasing pressure on policymakers to introduce more stimulus measures.

Iron ore held its biggest weekly gain since January, with traders looking ahead to the release of data in China that may show the economy of the world’s biggest metals consuming nation expanded more than 5% in the second quarter.

The figures suggested a short-term recovery in trade activity following a slower performance in May, when export growth dipped to 4.8 per cent after strong results in March and April.

In just 15 years, China has risen to the top of the global clean energy industry, leaving European countries trailing far behind.