China's trade in services grows steadily - up 7.7% year-on-year in Jan-May - Chinese report

According to the Ministry of Commerce, China's trade in services grew steadily in the first five months of this year. According to public data, the total trade in services in the first five months of this year increased 7.7% year-on-year to 3.2543 trillion yen.
Of this, exports increased 15.1% to 1,403,370 million formers (approximately 28,300 billion yen), and imports increased 2.7% to 1,850,990 million formers (approximately 1,850,990 million yen).
During the same period, the value of knowledge-intensive services trade increased by 5.0% to 1,249.27 billion formers (approximately 25 trillion yen).
Of these, the scale of exports and imports of other commercial services and electronic, computer and information services is relatively large. The amount of each increased 3.2% to 53.
8.41 billion former (approximately 10.8 trillion yen), an increase of 10.7% to 440.6 billion former (approximately 8.9 trillion yen).
In addition, exports of knowledge-intensive services increased by 6.6% to 719.65 billion formers (approximately 14.5 trillion formers).
During the same period, travel services continued to grow rapidly, with exports and imports increasing 12.2% to 920.5 billion yen (approximately 18.5 trillion yen).
00 billion yen. Of this, exports increased by 74.2% and imports increased by 5.3%. Travel services accounted for the highest proportion of all services trade.