China's deficit in foreign service trade widened in June, according to data from the State Administration of Foreign Exchange released yesterday.
Income from foreign services stood at US$22.3 billion in June, while expenditure was US$41.7 billion, resulting in a US$19.4 billion deficit.
In May, the deficit was US$18.3 billion.
Service trading refers to the sale and delivery of intangible products such as transport, tourism, telecommunications, advertising and accounting.
China's service trade volume increased from US$362 billion in 2010 to US$713 billion in 2015, double the average international growth rate. The country is aiming to lift its service trade volume to more than US$1 trillion by 2020.
China's deficit in foreign service trade widened in June, according to data from the State Administration of Foreign Exchange released yesterday.
