China's Knowledge-Intense Service Import and Export Amass 1.36392 Trillion Yuan in First Half
The total value of service trade import and export was 3.13584 trillion yuan, up 8.5% year on year. A worthy star was knowledge-intense service trade, which contributed 1.36392 trillion yuan, up 12.3%. Recently, the Ministry of Commerce of China released the development of trade in services in the first half of the year 2023, according to the latest statistics, China's knowledge-intense service trade grew with the brilliant performance with the export 792.34 billion yuan, up 16%; the import 571.58 billion yuan, up 7.5%, accounting for 43.5% of the aforementioned total value, an uptick of 1.5% compared with last year. Despite slow recovery of the global economy and contracted exterior demand, China's service trade stayed on course of growth in the first half. Knowledge-intense service trade, among other categories, inched up its proportion in the general classification, graduating to a new engine hauling the growth of China's service trade.