According to the Ministry of Commerce of the People's Republic of China,China's trade in services continued to grow. From January to September this year, China's total service import and export volume reached 4,472.27 billion yuan, a 18.2% rise year-on-year. Specifically, service exports were 2,148.02 billion yuan, a 20.5% rise year-on-year, andservice imports were 2,324.26 billion yuan, a 16.1% rise year-on-year.
Knowledge-intensive service trade grew steadily. From January to September, China's knowledge-intensive service import and export volume reached 1,864.87 billion yuan, with a year-on-year growth of 10.2%.Specifically,knowledge-intensive service exports were 1,043.02 billion yuan, with a year-on-year growth of 14.9%, and exports in fields of intellectual property royalties, and telecommunications computer and information services gained faster growth rates, namely, a year-on-year increase of 22.5% and 17.4% respectively; knowledge-intensive service imports were 821.85 billion yuan, with a year-on-year growth of 4.8%, andimports in the field of insurance services gained a faster growth rate, namely, an increase of 56.2%.
Imports and exports of travel services continued to recover. From January to September, China's travel services import and export volume reached 623.66 billion yuan, a 7.4% rise year-on-year. Excluding travel services, China's service import and export volume from January to September increased by 20.2% year-on-year; compared with the same period in 2019, the service import and export volume increased by 52.6%.
(Source: People's Daily)