Hey everyone! The Chinese mainland's service trade is on fire this Q1! Reported figures show that the total value reached 1.97 trillion yuan (around $270 billion), marking an impressive 8.7% increase compared to last year. This dynamic performance is making waves across various service sectors.
Diving into the numbers, service trade exports hit 835.15 billion yuan with a robust 12.2% growth, while imports climbed to 1.139 trillion yuan, up 6.2%. The travel services sector is especially exciting—showing a stellar expansion of 21.8% to 584.9 billion yuan. Even more eye-catching, travel exports surged by 97.5% and imports grew by 14.9%! ✈️🚀
Meanwhile, knowledge-intensive services maintained steady progress, reaching 752.49 billion yuan with a 2.6% increase. Exports in this segment rose by 2.1% (436.34 billion yuan) and imports by 3.4% (316.15 billion yuan), highlighting the region's commitment to innovation and advanced service offerings. 💡📚
Overall, these impressive figures underscore the resilience and evolving landscape of the Chinese mainland's service trade. With booming travel services and a sustained push in knowledge-intensive sectors, exciting opportunities are on the horizon for businesses and investors alike. Stay tuned for more updates on these vibrant trends!
Reference(s):
cgtn.com
