A trillion dollars in China during 2024
BEIJING, on February 3 / WAM / Trade in the Service Sector in China recorded a record growth during the year 2024, as it exceeded for the first time the Tryain barrier, registered 14.4% compared to the previous year.
The China Central Channel quoted the Chinese Ministry of Commerce that the total value of services and services exports amounted to 7.5 trillion yuan “about 1.04 trillion US dollars”, as exports increased by 18.2%, while imports recorded 11.8%.
Researcher Lee John of the Chinese Academy for International Trade and Economic Cooperation indicated that this achievement reflects the sector’s expansion, the development of its organizational structure and the enhancement of its international competitiveness, supported by digital transformation, smart technology, and sustainable development.
The 240 -hour transit policy has contributed to the enhancement of the incoming tourist movement, as increasing numbers of international tourists flocked to explore cultural and natural attractions in China.
In the context of supporting international innovation and cooperation, the Chinese government issued a strategic directives last August to enhance the qualitative development of services trade in accordance with global openness standards, calling for the establishment of national model areas to develop this vital sector and enhance regional and international cooperation in the fields of digital trade and services trade.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and
