China’s services trade continues to grow in 11M 2022 – WORLD

China’s trade in services continues to grow in 11 months of 2022The Ministry of Commerce of China has published data on trade in services for 11 months of 2022.China’s trade in services continued to grow in the first 11 months of 2022, according to the data. The total volume of imports and exports of services reached 5 trillion 404 billion yuan, up 15.6% year on year. Among them, exports of services increased by 15.5% to 2 trillion 583 billion yuan, while imports increased by 15.6% to 2 trillion 821 billion yuan. Services trade deficit reached 237 billion. Imports and exports of information-intensive services grew steadily in the first 11 months, rising by 10.1% to 2.248 billion yuan. In the 11 months of last year, imports and exports of tourism services increased by 8.2 percent to 758 billion yuan.