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China Macro-economy

China's service trade maintains steady growth in Jan-Oct 2019

January 15, 2020


Abstract : China's service trade maintained steady growth from January to October in 2019. The value of foreign trade in service totaled 4.44 trillion yuan, with a year-on-year increase of 2.6 percent.

BEIJING, Jan. 15 (Xinhua) -- China's service trade maintained steady growth from January to October in 2019. The value of foreign trade in service totaled 4.44 trillion yuan, with a year-on-year increase of 2.6 percent.

Data revealed a further reduced trade deficit in service, which stood at 1.28 trillion yuan in January-October, down 10.4 percent from the previous year.

Additionally, the quality of service trade got further improved. During the period, China's import and export value of knowledge-intensive services amounted to 1.51 trillion yuan, up 10.7 percent year on year. (Contributed by Li Wenxin)

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