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China's service trade deficit grows in Nov.
(MENAFN) China's foreign service trade sector slightly improved in November, the latest data from the State Administration of Foreign Exchange (SAFE) showed, QNA reported.
China posted a deficit of USD20.9 billion in foreign service trade in November, up from USD17.23 billion recorded in October, local media reported. In November, China spent a total of USD28.95 billion in foreign service trade, outweighing the USD8.16 billion gained.
During the first 11 months of this year, the aggregate service trade deficit totaled USD154.78 billion, with USD178.8 billion in revenues and USD333.3 billion in spending.
SAFE started to issue monthly data on services trade in January 2014 to improve the transparency of balance of payments statistics.
China posted a deficit of USD20.9 billion in foreign service trade in November, up from USD17.23 billion recorded in October, local media reported. In November, China spent a total of USD28.95 billion in foreign service trade, outweighing the USD8.16 billion gained.
During the first 11 months of this year, the aggregate service trade deficit totaled USD154.78 billion, with USD178.8 billion in revenues and USD333.3 billion in spending.
SAFE started to issue monthly data on services trade in January 2014 to improve the transparency of balance of payments statistics.
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