A border police officer answers questions from inbound passengers at Chongqing Jiangbei International Airport in Southwest China’s Chongqing, July 8, 2025. [Photo/Xinhua]
BEIJING — China’s services trade posted solid growth in the first seven months of 2025, with a steep increase in the trade of travel-related services, official data showed on Friday.
The country’s services trade volume reached 4.58 trillion yuan ($644.2 billion) during this period, up 8.2 percent year-on-year, according to the Ministry of Commerce.
Services exports reached nearly 2 trillion yuan, an increase of 15.3 percent from a year earlier, while services imports rose 3.3 percent to 2.58 trillion yuan, resulting in a deficit of 581.56 billion yuan.
Trade in travel-related services maintained strong growth momentum, surging 10.4 percent year-on-year to 1.26 trillion yuan. Notably, exports jumped 62.9 percent.
Meanwhile, trade in knowledge-intensive services increased by 6.8 percent year-on-year to over 1.77 trillion yuan.
Tanks to chinadaily.com.cn
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