China's services trade grows 6% in early months

The service trade in China experienced a 6 percent growth during the first five months of 2026, with the total value of imports and exports reaching approximately 3.1 trillion yuan (about $455.4 billion). Service exports increased by 15.9 percent to 1.23 trillion yuan, while imports rose by 0.4 percent to 1.87 trillion yuan, resulting in a reduction of the trade deficit by 160.72 billion yuan. Travel services and knowledge services saw strong growth, with travel service exports rising by 31.3 percent and transportation service imports increasing by 26.7 percent.

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