Graphics: China is a major global player in services trade

The 2025 China International Fair for Trade in Services, the largest comprehensive exhibition on trade in services in the world, will kick off on Wednesday, offering a platform for global cooperation on services trade. Trade in services is becoming a growth engine driving global trade, to which China's services trade development is a significant boon. As a major global player for trade in services, China has been stepping up its efforts to boost surging growth in services trade in a bid to stimulate domestic consumption and promote global economic exchanges. The country's services trade volume broke through $1 trillion for the first time in 2024 thanks to burgeoning tourism and robust growth in knowledge-intensive services. The following graphic gives some highlights of China's services trade development.