Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China's foreign service trade tops 257 bln USD

June 02, 2016


Abstract : China's foreign service trade amounted to 257.02 billion U.S. dollars during the first four months of the year, up 16.8 percent year on year, the Ministry of Commerce said on Thursday.

BEIJING, June 2 (Xinhua) -- China's foreign service trade amounted to 257.02 billion U.S. dollars during the first four months of the year, up 16.8 percent year on year, the Ministry of Commerce said on Thursday.

Service trade accounted for 18.9 percent of the country's total imports and exports during the January-April period. The proportion was 3.5 percentage points higher than 2015, according to a statement on the ministry's website.

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 it based on more sophisticated exports, and the data suggested it is succeeding in doing so. Exports of telecommunications, computing and information services grew at a rapid rate of 19.1 percent to 8.84 billion U.S. dollars during the first four months.

The European Union, the United States and Japan were among China's major trading partners in terms of service trade.

China's foreign service trade volume grew from 362.4 billion U.S.dollars in 2011 to 713 billion U.S. dollars in 2015, doubling the average international growth speed, earlier data showed.

The country has set the target of lifting its service trade volume to over 1 trillion U.S. dollars by 2020. Enditem

Scan the QR code and push it to your mobile phone

Keyword: MOC foreign-trade Foreign-service-trade

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial