CHINAEUROPE AFRICAASIA 中文双语Français
Business\Economy

China service trade deficit narrows

Xinhua | Updated: 2017-05-31 17:20

BEIJING - China's foreign service trade deficit narrowed in April after an uptick in March, the State Administration of Foreign Exchange (SAFE) said Wednesday.

The deficit stood at 126.1 billion yuan ($18.4 billion) in April, down from 152.3 billion yuan in March, SAFE data showed.

Income from trade in services was 114.7 billion yuan, while expenditure totaled 240.8 billion yuan.

Trade in services refers to the sale and delivery of intangible products such as transport, tourism, telecommunications, construction, advertising, computing and accounting.

China regularly registers a deficit in service trade as its service sector is less competitive than a number of economies.

The government has channeled more energy into the sector and rolled out measures to improve it, including gradually opening up the finance, education, culture and medical sectors.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US