China's service trade continued to grow in the first two months of this year, the head of the service trade department of the Ministry of Commerce said on Apr 6th. Imports and exports of services totaled 969.58 billion yuan, up 1.7 percent year on year. Among them, the export of services was 412.33 billion yuan, down 11.8 percent; Imports totaled 557.25 billion yuan, up 14.7 percent; The deficit of trade in services was 144.92 billion yuan.
The person in charge introduced that the proportion of knowledge-intensive service trade increased. From January to February, the import and export of knowledge-intensive services reached 406.92 billion yuan, an increase of 6.4%, accounting for 42% of the total import and export of services, an increase of 1.9 percentage points over the same period of last year. In addition, travel services have resumed significantly. From January to February, the import and export of travel services reached 209.43 billion yuan, up by 39.8%, of which the export increased by 12% and the import by 41.8%.