Sunday, November 29, 2015   

China services trade leaps to new high
(02-12 19:08)

China's foreign trade in services in 2013 hit a new high of US$540 billion, up by 14.7 percent from the previous year, the Ministry of Commerce said.
Exports of services reached US$211 billion, up 10.6 percent from a year earlier. Imports of services hit US$329 billion, up 17.5 percent, according to a statement on the ministry website.
High value-added service exports saw steady growth, while exports of financial services soared 54.2 percent year on year. Traditional service exports, which used to account for a large part of total exports, declined compared with the previous year.
The data showed that imports of high value-added services sped up, with tourism imports surging 26.1 percent year on year to US$128.58 billion.
Deficits came from sectors including tourism, transport, royalties and insurance, while a significant surplus was realized in other sectors such as consulting, IT and construction.
MOC data showed that trade in services improved by 12.3 percent year on year to US$471 billion in 2012, becoming the world's third-largest trader of services.—Xinhua

Other Business breaking news:
Greek pensioners vow to defy proposed cuts (11-27 16:52)
Skin care drug prices rocketed by 401pc since 2009, US study finds (11-27 16:48)
High flying Brazil banker held in Petrobras graft scandal (11-27 16:38)
Hang Seng tumbles at close (11-27 16:33)
Nikkei closes lower (11-27 16:31)
China stocks dive over broker investigations (11-27 15:06)
Japan's jobless rate at 20-year low, consumer spending drops (11-27 12:49)
HK, China stocks drop at mid day (11-27 12:25)
Global airlines industry predicts China’s emergence as largest travel market (11-27 12:22)
CITIC Securities confirms China regulator’s investigation (11-26 20:04)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.