2026-06-08
53 分钟China's trading services maintained positive growth during the first four months.
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Hello and welcome to World Today.
I'm Do Hongyu in Beijing.
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Our first story.
China's trading services maintained positive growth during the first four months of this year.
Exports saw robust expansion, and the trade deficit narrowed significantly.
According to the Commerce Ministry, China's total trading services reached nearly 2.5 trillion yuan,
or around US$367 billion, up around 5% on a yearly basis.
Knowledge-intensive services continue to drive export growth.
Meanwhile, travel service exports jumped over 30%, the fastest growth rate among the top five service export categories.
The services sector is taking on a larger role in the Chinese economy, accounting for over 60% of GDP.
So what is driving this momentum?
My colleague Zhao Yang spoke with Yan Liang, professor of economics at Willamette University.
So, Professor Yanliang, thank you very much for joining us.
China's services trade grew by 4.9% in the first four months of this year.
What is driving this and what does this tell us about the broader state of China's economy?