China's service trade rises in 1st 7 months

0 Comment(s)Print E-mail Xinhua, September 3, 2021
Adjust font size:
Journalists visit a venue of the China International Fair for Trade in Services (CIFTIS) at the China National Convention Center in Beijing, capital of China, Aug. 31, 2021. [Photo/Xinhua]

China's service trade rose by 7.3 percent year on year to nearly 2.81 trillion yuan (about 435.02 billion U.S. dollars) in the first seven months of the year, the Ministry of Commerce said Thursday.

Of the total, service exports reached about 1.34 trillion yuan, up by 23.2 percent year on year, and service imports stood at 1.47 trillion yuan, down by 4 percent from a year earlier.

In July alone, the country's service trade reached 431.92 billion yuan, up by 10.1 percent, year on year.

Trade in knowledge-intensive services rose in the January-July period to reach nearly 1.29 trillion yuan, up 11.8 percent year on year. The figure accounted for 45.8 percent of the total service trade.

Knowledge-intensive service exports increased 15.4 percent to 704.47 billion yuan, accounting for more than half of total service exports, while knowledge-intensive service imports rose 7.6 percent to 582.35 billion yuan.

Trade in travel services in the first seven months declined 32.7 percent to 429.98 billion yuan as countries around the world continued to take strict measures to restrict people's cross-border movement.

China has taken a slew of measures to widen the opening-up of the service industry and pledged to make more efforts to promote the opening-up of trade in services to a higher level.

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter