China’s services trade expanded by 8.3% year on year in the first half of 2026, according to data released by the Ministry of Commerce on Tuesday.
The total value of service imports and exports reached nearly 3.78 trillion yuan (about $556.56 billion) from January to June this year, according to the data.
Throughout the period, travel service exports grew at the fastest rate among the top five service export categories, rising by 31.1% to 229.2 billion yuan.
Knowledge-intensive services trade rose by 6.7% year on year to 1.66 trillion yuan during the same period, accounting for 44% of all service trade. Notably, exports of personal cultural and entertainment services and charges for the use of intellectual property surged by 57.2% and 44.3% respectively.
Tuesday’s data also showed that imports of transport services totaled 498.1 billion yuan during the period, up 30.4%, the fastest growth rate among the top five service import categories.
SOURCE: CGTN News