Passengers get ready to board the first direct flight from Shijiazhuang, Hebei province, to Moscow, Russia, on March 3 this year. (XINHUA)
China's service exports have shown strong growth in the first five months of 2019 and the trade deficit in services has narrowed by 10.1 percent year-on-year, data released Thursday by the Ministry of Commerce showed.
Some sectors of the service industry have shown outstanding performance in trade, such as the transportation industry
According to the ministry, the volume of service trade from January to May totaled 2.18 trillion yuan (US$318.6 billion), up 3.5 percent year-on-year. The exports amounted to 777 billion yuan, up 10.3 percent. The deficit in service trade saw a 10.1 percent year-on-year reduction to 635 billion yuan.
A spokesperson from the ministry said the fast-growing output of the country's service industry has contributed to the high growth of the service trade from January to May.
Some sectors of the service industry have shown outstanding performance in trade, such as the transportation industry, as the trade volume went up by a 6.4 percent year-on-year to 404.3 billion yuan, according to the ministry.
ALSO READ: China's service trade hits new high in H1
Copyright 1995 - 2019. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily. Without written authorization from China Daily, such content shall not be republished or used in any form.
HONG KONG NEWS