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China's Total Services Imports and Exports Reach RMB2.49T in First Four Months, Up 4.9% YoY
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China's Ministry of Commerce announced that in the first four months, the total value of China's services imports and exports amounted to RMB2.49 trillion, representing a YoY increase of 4.9%. Among which, exports reached RMB985 billion, up 15%, while imports totaled RMB1.5 trillion, down 0.8%. The services trade deficit was RMB515.32 billion, narrowing by RMB139.74 billion compared with the same period last year. Knowledge-intensive services exports maintained relatively fast growth. In the first four months, imports and exports of knowledge-intensive services amounted to RMB1.1 trillion, up 5.1%, accounting for 44.4% of total services trade. Exports of knowledge-intensive services reached RMB544.09 billion, up 11.7%. Among them, personal cultural and entertainment services and intellectual property royalties recorded the fastest growth, increasing by 39.5% and 20.8% respectively. Imports of knowledge-intensive services amounted to RMB560.09 billion, down 0.7%. Travel services exports and transport services imports grew rapidly. In the first four months, travel services exports amounted to RMB147.15 billion, up 30.4%, marking the fastest growth among the top five service export categories. Transport services imports reached RMB316.45 billion, up 24.9%, the fastest growth among the top five service import categories. (jl/u) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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