BEIJING - China's service trade rose 11.5 percent year-on-year and hit a record high in 2018, the Ministry of Commerce said Tuesday.
Imports and exports of services totaled 5.24 trillion yuan ($82.1 billion) last year, ranking the world's second largest for five years in a row, the Ministry of Commerce said on its website after a national meeting on service trade.
As the country continued to transition its economy, the service sector prospered and contributed to nearly 60 percent of GDP growth.
The country will move to expand service exports, boost service consumption and push poverty reduction through development of the household service industry, according to the ministry.
The country will also work to promote high-quality development of the service trade and commercial service sector, and expand the overseas service market with a focus on countries involved in the Belt and Road Initiative, Xian Guoyi, a ministry official, said at Tuesday's meeting.
Email:zvca@zvca.org
Add:1-4, Ta Yuan Diplomatic Office Building, No. 14 Liang Ma He Nan Lu, Chaoyang District, Beijing 100600, P.R. China
PostCode:100600
Micro-Blog
Copyright © 2012 China Zhongguancun Private Equity and Venture Capital Association All Rights Reserved. ICP:10025198