China’s foreign trade rises

Shanghai Newspaper_China ForEx soars high

China foreign trade soars high in fthe first half of 2019 displaying very decent numbers as shown in the overall foreign trade volume.

According to the Department of Trade in Services and Commercial Services of China’s Ministry of Commerce, their services sector posted a 2.6% increase in foreign trade amounting to 2.6 trillion yuan,

There’s roughly about .6% decrease in exports while imports had a notable 9.5% increment. China’s service sector has achieved swift growth in the first half of the year, with the value-added output in the service industry reaching 7 %.

A 9.4 % increase in the total value of imports and exports in the knowledge-intensive services reached 892.39 billion yuan,notably 6.8% higher than the overall growth of trade in services.

Other worth-mentioning areas posting fast growth are the export of royalties for intellectual property rights at 33%; exports in telecommunications, computer and information services at 15.7 %. Meanwhile the financial services sector saw exports increasing by 13.9% and imports up to 43.9%