Related News
Overseas service trade touches US$451 billion
Print Edition
CHINA’S foreign service trade amounted to 3.01 trillion yuan (US$451 billion) during the first seven months of the year, up 24.6 percent year on year, the Ministry of Commerce said yesterday.
Service trade accounted for 18.2 percent of the country’s total imports and exports in the January-July period. This is 2.8 percentage points higher than 2015. Service exports stood at 1 trillion yuan, up 10.8 percent year on year, and service imports rose 33.5 percent to 2 trillion yuan.
Distinct from merchandise trade, trade in services refers to the sale and delivery of intangible products such as transportation, tourism, telecommunications, construction, advertising, computing and accounting.
China is aiming to adjust the structure of its foreign service trade so that it is based on more sophisticated exports, and the data suggest it is succeeding in doing so. Exports of telecommunications, computing and information services grew by 20.8 percent to 103.96 billion yuan during the first seven months.
China’s foreign service trade volume grew from US$362.4 billion in 2011 to US$713 billion in 2015. The country has set the target of lifting its service trade volume to over US$1 trillion by 2020.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
