The Chinese economy continues to report massive trade surplus month after month, with the June figures indicating a robust 20 billion dollars surplus. A trade surplus means excess exports over the imports value, and that is favorable to the country concerned.
That also means that the importing countries would be facing trade deficits, and leading the deficit list is US, followed by some of the European countries. So expect more pressure on China from US to revalue the Chinese currency so that US imports into that country becomes more attractive.
But so far China has successfully avoided pressures from US and European countries for the last ten years, and how far it would be successful in the future, is a billion dollar question.