China’s Total Services Trade Plunges 10.8% in First Quarter

Petrotahlil - China’s first-quarter total services trade fell 10.8% from a year earlier to 1.15 trillion yuan ($162.82 billion), according to the Ministry of Commerce.

Services exports in the Jan.-to-March period declined 4.1% to 444.28 billion yuan while imports dropped 14.5% to 708.02 billion yuan, the ministry said on May 2. The narrowing of the trade deficit that started last year continues, it said. Knowledge-intensive services accounted for more than 40% of the total.

Bloomberg 

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