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Last year, China's service trade generally maintained a steady upward trend
- Categories:Company news
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- Time of issue:2019-04-12 16:17
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(Summary description)
Last year, China's service trade generally maintained a steady upward trend
(Summary description)
- Categories:Company news
- Author:
- Origin:
- Time of issue:2019-04-12 16:17
- Views:
At the online press conference held by the Ministry of Commerce on February 10, the spokesman Gao Feng briefed on the overall situation of China's service import and export in 2019.
Gaofeng said that in 2019, China's service trade maintained a steady upward trend as a whole, the deficit decreased significantly, the structure was significantly optimized, and the results of high-quality development were initially shown. The annual total import and export of services was 5415.29 billion yuan (RMB, the same below), an increase of 2.8% year-on-year, of which the total export was 1956.4 billion yuan, an increase of 8.9% year-on-year; The total import volume was 3458.89 billion yuan, a year-on-year decrease of 0.4%. It mainly presents the following characteristics:
The deficit of service trade decreased significantly. In 2019, the development potential of China's service industry was continuously released, and the added value of the service industry increased by 6.9% year-on-year, laying a good foundation for the rapid growth of service exports. Total service exports accounted for 36.1% of total service imports and exports, up 2 percentage points year-on-year. The growth rate of service exports was 9.3 percentage points higher than that of imports, which helped reduce the service trade deficit by 10.5 percentage points to 1502.49 billion yuan, a year-on-year decrease of 176 billion yuan.
The structure of trade in services was significantly optimized. In 2019, China's import and export of knowledge intensive services reached 1877.77 billion yuan, a year-on-year increase of 10.8%, 8 percentage points higher than the overall growth of service import and export, accounting for 34.7% of the total service import and export, a year-on-year increase of 2.5 percentage points. Among them, the export of knowledge intensive services reached 991.68 billion yuan, a year-on-year increase of 13.4%, accounting for 50.7% of the total service export, a year-on-year increase of 2 percentage points; The import of knowledge intensive services reached 886.09 billion yuan, an increase of 8% year-on-year, accounting for 25.6% of the total service import, an increase of 2 percentage points year-on-year. In terms of specific areas, personal cultural and entertainment services, telecommunications, computer and information services, and financial services continued to grow rapidly, with import and export growth rates of 19.4%, 18.9%, and 18.7% respectively.
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