China’s service trade up 20.7% in Jan-July

People visit an exhibition area of the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing, China, Sept 9, 2020. (PAN SIWEI / XINHUA)

BEIJING – China's service trade value grew 20.7 percent year-on-year in the first seven months of this year, data from the Ministry of Commerce showed on Thursday.

Total trade value stood at 3.39 trillion yuan (about US$492.6 billion), according to the data.

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Service exports expanded 22.8 percent year-on-year to 1.64 trillion yuan, and service imports were 1.75 trillion yuan, up 18.9 percent from a year ago.