> Brief News

Nation’s trade in services increases by 25 percent

| 2016-10-09 | Hits:
(Chinese Social Sciences Today)

China’s trade in services continues to expand rapidly, and the total imports and exports have achieved 25 percent year-on-year growth, totaling about 3 trillion yuan ($450 billion) in the first seven months of 2016, according to the recent information released at the routine press conference of the Ministry of Commerce of China held on Sept. 20. Service exports totaled 1 trillion yuan, increasing by about 11 percent year on year, and service imports rose around 34 percent. Service trade accounted for 18 percent of the country’s total imports and exports during the January-July period. The structure of exported services continues to trend toward optimization, and more services with higher added value were created during that time. Exports of telecommunications, computing and information services grew by about 21 percent during the first seven months.