Caixin
Caixin Global – Latest China News & Headlines

Home >

TRENDING
Unitree to Debut at 61 Billion Yuan Valuation in Closely Watched Shanghai IPO
U.S. Appeals Court Orders Review of Pentagon’s DJI Designation
Alibaba to Sell Gaming Unit as It Sharpens AI Focus
LATEST
U.S. Appeals Court Orders Review of Pentagon’s DJI Designation
Unitree to Debut at 61 Billion Yuan Valuation in Closely Watched Shanghai IPO
Alibaba to Sell Gaming Unit as It Sharpens AI Focus
China’s DJI and Arashi Vision Escalate Battle for 360-Camera Market
Didi Swings to Quarterly Profit, but Overseas Push Weighs on First-Half Results
Z.AI Pushes AI Model With Coding Edge to Rival Anthropic, Open AI
DeepSeek Launches V4-Pro and Raises API Prices by as Much as 1,100%
Tencent Shares Fall as AI Spending Squeezes Profit
Honor’s New Smartphone Doubles as a Robotic Camera Operator
YMTC Overtakes Kioxia by Shipments to Rank No. 3 in Global NAND Market
ModelBest Begins Pre-IPO Tutoring as On-Device AI Competition Heats Up
U.S. Proposes Ban on Domestic Drone Maker Over Alleged DJI Ties
Manus Cuts Ties With Meta as Tencent Emerges as Top Backer
Cautious Regulators Steer China’s Flying Vehicle Industry to Prioritize Cargo Over Commuters
Alibaba Opens Qwen Platform to Outside Developers in Push to Build AI-Agent Ecosystem
Moore Threads Plans Hong Kong Listing to Fuel AI Chip Push
Beyond the Backflips: Unitree Robotics Faces High Expectations Ahead of Shanghai Debut
ByteDance Accepts AI Gap, Sticks With In-House Models
MiniMax Shares Surge After Joining Hong Kong Stock Connect
Chinese Robotics Startup PokeBot Raises Hundreds of Millions of Dollars

By Charlotte Yang / Dec 05, 2018 12:04 PM / Economy

China’s trade in services grew 11.1% year-on-year for the first 10 months of 2018, totaling 4.3 trillion yuan ($626 billion), according to the Ministry of Commerce.

The services trade deficit also rose, up 5.8% year-on-year as of October. Exports in services grew by 14.3% to 1.42 trillion yuan, while imports increased 9.6% to 2.88 trillion yuan.

Trade in services includes areas such as financial, legal, and accounting services, as well as tourism and advertising.

While China enjoys a hefty surplus in its trade in goods — a key driver of trade tensions with the U.S. — the country has run a widening deficit in trade in services for years, fueled in part by a surge in overseas spending by Chinese tourists.

Related: 1-10月我国服务进出口总额43022.4亿元 同比增11.1%


Share this article
Open WeChat and scan the QR code