(MENAFN- Qatar News Agency) Beijing August 22 (QNA) -China's deficit from trade in services expanded in July to 15.3 billion US dollars its greatest level in 2014 the State Administration of Foreign Exchange (SAFE) said . The July deficit was 6.3 billion US dollars more than in June and it brought the total deficit from January to July to 74.2 billion US dollars the SAFE figures showed. Distinct from merchandise trade trade in services refers to the sale and delivery of intangible products such as transport tourism telecommunication construction advertising computing and accountancy. China is the world's largest merchandise trader but weak in the service sector.(QNA)
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