BEIJING, 2nd April, 2025 (WAM) -- China's services trade totalled nearly 1.31 trillion yuan (about US$182.51 billion) in the first two months of the year, up 9.9 percent on a yearly basis, according to data released by the Ministry of Commerce on Tuesday.
China Central Television (CCTV) reported that services exports reached 549.58 billion yuan, representing a 13 percent increase compared to the previous year. Meanwhile, services imports rose by 7.8 percent, totalling 759.98 billion yuan.
Trade in knowledge-intensive services rose 2.5 percent year-on-year to 476.65 billion yuan. The exports of knowledge-intensive services stood at 285.73 billion yuan, a year-on-year increase of 3.3 percent, while the imports reached 190.92 billion yuan, 1.4 percent higher than the same period in 2024.
Notably, trade in travel-related services registered the fastest growth. The total imports and exports grew 28.9 percent year-on-year to reach 409.8 billion yuan, with exports and imports increasing 142.6 percent and 21.1 percent respectively.