The Chinese Customs Office released its trade data on Monday. China's trade surplus fell to $46.54 billion in June from $59.49 billion in May, missing expectations for a decline to a surplus of $55.7 billion.

Exports rose at an annual rate of 2.8% in June. It was the first increase in in four months.

Imports slid at an annual rate of 6.1% in June. It was the eight consecutive decline.

China's trade was driven by the Greek debt crisis, weak external demand in general, rising labour costs and a stronger yuan.