China's services trade saw steady growth in the first quarter of this year, reaching 1.974 trillion yuan (about 270.62 billion U.S. dollars), up 8.7 percent on a yearly basis, according to the data released by the Ministry of Commerce on Tuesday.
Services exports came in at 835.15 billion yuan (around 114.48 billion U.S. dollars), up 12.2 percent year on year, and services imports rose 6.2 percent to 1.139 trillion yuan (about 156.13 billion U.S. dollars), showed the data.
To be specific, trade in knowledge-intensive services rose 2.6 percent year on year to 752.49 billion yuan (roughly 103.15 billion U.S. dollars). In terms of the major items, other business services and telecommunications, computer and information services registered 320.48 billion yuan (about 43.93 billion U.S. dollars) and 262.34 billion yuan (around 35.96 billion U.S. dollars), rising 0.8 percent and 4.8 percent, respectively
Notably, trade in travel-related services registered the fastest growth. The total imports and exports grew 21.8 percent year on year to reach 584.9 billion yuan (roughly 80.18 billion U.S. dollars), with exports and imports increasing 97.5 percent and 14.9 percent, respectively.
China's services trade reports solid growth in Q1
China's services trade reports solid growth in Q1
China's services trade reports solid growth in Q1
