BEIJING, Sept. 29 (Xinhua) -- China's service trade rebounded in the first eight months, with the fast growing financial service imports.
The Ministry of Commerce (MOC) said on Saturday that the country's service trade rose 10.5 percent year on year to stand at 3,445.77 billion yuan (nearly 501.64 billion U.S. dollars) from January to August, 0.6 percentage points higher than the growth in the first seven months.
In the first eight months of the year, the service exports increased 14.4 percent year on year to 1,132.28 billion yuan, while imports gained 8.7 percent to 2,313.49 billion yuan, which resulted in a deficit of 1,181.21 billion yuan.
Data shows that in the first eight months, trade in emerging services jumped 20.9 percent, with exports up 25.5 percent and imports up 16.3 percent.
Among the imports of emerging services, financial services were growing fast, up 47.1 percent from the same period of last year, and the growth rate of intellectual property rights, telecom, computing and information services all exceeded 20 percent.
MOC official Xian Guoyi attributed the positive changes to the further opening-up of the domestic service industry and the optimization of service structure this year. (Edited by Li Wenxin, liwenxin@xinhua.org)
A single purchase
