GDP growth accelerated to 1.7 percent in the second quarter, up from 1.3 percent in the first quarter.
In contrast, the BBC report noted that Chinese retailers saw spending rise by 11 percent year over year. This means that investment growth has already peaked in Q1, and a softening can be expected in the coming quarters, Commerzbank reported. The two countries will also look to open China's market to USA credit ratings firms and credit card payment services firms.
Value-added industrial output in June rose by 7.6%.
Trump has accused China of "dumping" steel into the USA market and his Commerce Secretary, Wilbur Ross, has promised "bold action" that could come in "the context of national security".
China's imports rose 14.5 percent in the second quarter from the same period a year ago, as prices soared for iron ore and other raw materials essential to Chinese manufacturing.
What keeps the growth rate of the Chinese economy so smooth?
So far, this monetary tightening has not affected actual progress with private investment picking up led by New Economy parts of China which is showing great development in the tech side translating into strong growth.
Real estate investment, a key driving force of growth, increased by 8.5 percent in the first half of this year, slightly down from the first quarter.
Chinese steel output last month rose 5.7 percent from the year before to a record 73.23 million tonnes, surpassing April's all-time high of 72.78 million tonnes, data from the National Statistics Bureau showed on Monday.
Growth past year was 6.7% and the official target announced last March for 2017 was around 6.5%.
"China's strong first half to the year won't last", Capital Economics China economist Julian Evans-Pritchard said in a note. The statistics bureau said the result "provides a solid basis" for meeting the full-year growth target.
President Xi Jinping is expected to hold on to power at the party congress, giving him more control during what analysts called are a long overdue but dire reforms like restructuring huge state firm debt. It also seems likely that global trade will soften in the months ahead, at least in value terms, as the impact of the commodity price recovery fades.