China recorded 409 bn yuan service trade deficit in Jan – May

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China’s total service exports and imports reached 2.6 trillion yuan in the first five months of the year, rising by 10.2% from a year earlier, said the Ministry of Commerce.

In breakdown, exports of services reached 1.098 trillion yuan, falling 4.7% from a year earlier, while imports of services reached 1.5 trillion yuan, rising by 24.2, leaving a service trade deficit of 409.1 billion yuan, it said.