BEIJING, 6th November, 2024 (WAM) -- China's services trade saw rapid growth in the first three quarters of the year, including a steep increase in the trade of travel-related services, Ministry of Commerce's data showed on Tuesday.
According to Xinhua News Agency, the country's services trade totalled nearly 5.52 trillion yuan (about US$777.29 billion) between January and September, up 14.5 percent year-on-year.
Services exports exceeded 2.27 trillion yuan, up 15.3 percent, and services imports rose 14 percent to over 3.24 trillion yuan, resulting in a deficit of 971.46 billion yuan.
Trade in travel-related services skyrocketed 42.8 percent to surpass 1.5 trillion yuan, and trade in knowledge-intensive services rose 5.3 percent to 2.13 trillion yuan.