Chinas total service imports and exports increased by 20.4% year -on -year from

The Ministry of Commerce of China reported on Wednesday (October 12) that the import and export of China ’s service imports and exports increased by 20.4%year -on -year from January to August this year.

According to the website of the Ministry of Commerce on Wednesday, the person in charge of the Ministry of Commerce and Trade of the Ministry of Commerce introduced the development of service trade from January to August this year.

The person in charge reported that the total service imports and exports of service imports and exports reached 393.75 trillion yuan (RMB, the same, the same, 789.8 trillion yuan), of which the service export was 1908.2 billion yuan.The increase of 23.1%; imports were 2000,29.3 billion yuan, an increase of 17.9%.

The person in charge said that the increase in service exports was greater than the import of 5.2 percentage points, driving the service trade deficit of 29.5%to 121.08 billion yuan.In August, China's total service imports and exports were 543.79 billion yuan, an increase of 17.6%year -on -year.

The person in charge mentioned that the growth of Chinese service ban has two characteristics. The first is the steady growth of knowledge -intensive service trade.From January to August this year, the import and export of knowledge -intensive services was 1643.2 billion yuan, an increase of 11.4%.Among them, the export of knowledge -intensive services was 929.79 billion yuan, an increase of 15.7%; the fields of export growth are intellectual property use fees, telecommunications computers and information services, which are increased by 24%and 18.4%, respectively.Knowledge -intensive service imports were 713.48 billion yuan, an increase of 6.2%; the fields where imports growing rapidly were insurance services with a growth rate of 64.4%.

Another feature is that the import and export of travel services have maintained growth.From January to August this year, the import and export of Chinese travel services was 542.66 billion yuan, an increase of 7.1%.Excluding travel services, China's service imports and exports increased by 22.8%, of which exports increased by 24.5%and imports increased by 20.8%. Compared with the same period in 2019, service imports and exports increased by 51.9%, of which exports increased by 67.8%, and imports increased by 36.1%.