China's services trade deficit narrows in August

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China saw a narrowing deficit in its services trade in August, official data showed Friday.

Services exports reached 222.7 billion yuan (about $31.37 billion) last month, while services imports were 278.5 billion yuan (about $39.23 billion). That resulted in a trade deficit of 55.8 billion yuan (about $7.86 billion), down from July's 60.4 billion yuan, according to the State Administration of Foreign Exchange.

In breakdown, transportation services stood out as the biggest contributor with 190.5 billion yuan in trade volume.

The country's goods and services trade neared 4.03 trillion yuan (about $567.18 billion) in August, up 9 percent from one year ago.

(Cover via CFP)

Source(s): Xinhua News Agency

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