Share
Copied
A view of Lujiazui financial center in Shanghai, China, September 30, 2022. /CFP
China's services trade value grew 20.4 percent year on year in the first eight months of 2022, data from the Ministry of Commerce showed on Wednesday.
Total trade value stood at nearly 3.94 trillion yuan ($554.13 billion), according to the data.
Services exports expanded 23.1 percent year on year to 1.91 trillion yuan, and services imports totaled 2.03 trillion yuan, up 17.9 percent from a year ago.
The growth of services trade exports outpaced import growth by 5.2 percentage points, resulting in a 29.5-percent drop in the services trade deficit to 121.08 billion yuan from the same period last year.
Trade in knowledge-intensive services raked in 1.64 trillion yuan, up 11.4 percent year on year.
Knowledge-intensive services exports gained 15.7 percent to hit 929.79 billion yuan, led by categories such as intellectual property royalties, and computing and information services.
Travel services recovered during this period, as trade in the sector advanced 7.1 percent from last year to 542.66 billion yuan.
Search Trends
SITEMAP
Copyright © 2023 CGTN. 京ICP备16065310号
Disinformation report hotline: 010-85061466
SITEMAP
Copyright © 2023 CGTN. 京ICP备16065310号
Disinformation report hotline: 010-85061466