In the first half of the year, China’s service trade import and export scale reached a record high

According to the website of the Ministry of Commerce, on August 7, the head of the Department of Trade and Industry of the Ministry of Commerce gave a speech on the import and export of China's services in the first half of 2018.

In the first half of 2018, China's service trade maintained a steady and rapid growth trend. The scale of import and export reached a record high, the structure continued to be optimized, the quality and efficiency were further improved, and the steady and good momentum continued to consolidate, laying a solid foundation for the high-quality development of service trade. From January to June, China's total import and export of services was 2,533.3 billion yuan (RMB, the same below), an increase of 8.5% year-on-year. Among them, exports were 841.57 billion yuan, up 13.6%; imports were 1,689.76 billion yuan, up 6.1%; the deficit was 848.18 billion yuan. (In US dollars, the import and export of services, exports and imports were 397.31 billion US dollars, 132.09 billion US dollars and 265.22 billion US dollars, respectively, the growth rate was 17%, 22.4% and 14.4%.) In the first half of 2018, China's service The export has the following characteristics:

The growth rate of service trade is better than that of similar indicators. The domestic economy is stable and progressing, promoting the steady and rapid development of service trade. In the first half of the year, service trade accounted for 15.2% of total foreign trade (goods trade and service trade), up from the same period of the previous year. 0.1 percentage points. The growth rate of service import and export is 0.6 percentage points higher than the growth rate of import and export of goods during the same period, which is 0.9 percentage points higher than the growth rate of service industry in the same period, which is higher than the national economic growth rate of 1.7 percentage points over the same period.

The service trade deficit narrowed slightly. In the first half of the year, service exports maintained faster than imports, and export growth rate was 7.5 percentage points higher than import growth. The service trade deficit narrowed by 2.66 billion yuan compared with the same period of the previous year. Since the first half-year deficit has narrowed.

The service trade structure was further optimized. In the first half of the year, the total import and export volume of emerging services was 846.67 billion yuan, an increase of 19%, higher than the overall growth rate of 10.5 percentage points, and the proportion of emerging services increased by 3 percentage points. The three traditions of travel, transportation and construction The proportion of services decreased by 2.5 percentage points, of which the proportion of travel decreased by 3.1 percentage points.

Emerging services exports grew rapidly. In the first half of the year, exports of emerging services reached 440.2 billion yuan, an increase of 23.6%, which was 10 percentage points higher than the total service exports, accounting for 52.3% of total service exports, up 4.2 percentage points over the same period of the previous year. Among them, telecommunications The growth rate of computer and information services, insurance, personal culture and entertainment, maintenance and repair exports exceeded 20%, which were 52.4%, 37.9%, 35.8% and 22.6% respectively. The effect of the policy measures to promote service exports was initially apparent.