In this undated photo, technicians check cables of a bridge in Chongqing, China. (XINHUA)
BEIJING - China's service trade rose 11.5 percent year-on-year and hit a record high in 2018, the Ministry of Commerce said Tuesday.
As the country continued to transition its economy, the service sector prospered and contributed to nearly 60 percent of GDP growth
Imports and exports of services totaled 5.24 trillion yuan (about US$782.1 billion) last year, ranking the world's second largest for five years in a row, the Ministry of Commerce said on its website after a national meeting on service trade.
As the country continued to transition its economy, the service sector prospered and contributed to nearly 60 percent of GDP growth.
The country will move to expand service exports, boost service consumption and push poverty reduction through development of the household service industry, according to the ministry.
The country will also work to promote high-quality development of the service trade and commercial service sector, and expand the overseas service market with a focus on countries along the Belt and Road , Xian Guoyi, a ministry official, said at Tuesday's meeting.
Copyright 1995 - 2020. 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