According to the latest data released by the Ministry of Commerce on the 6th, China's service trade continued to maintain a good growth trend from January to February this year. The total import and export of services was 953.48 billion yuan, a year-on-year increase of 33.5%; Among them, the export of services was 467.58 billion yuan, an increase of 39.4%; Imports reached 485.9 billion yuan, an increase of 28.3%. The growth rate of service exports was 11.1 percentage points higher than that of imports, driving the deficit of service trade down 57.6% to 18.31 billion yuan, a year-on-year decrease of 24.91 billion yuan. Zheng Wei, associate researcher of China service outsourcing research center, analyzed that from the data, China's service trade continued to show a rapid growth trend from January to February. Especially in terms of service export, the growth momentum was strong, which led to a sharp narrowing of the deficit and a more balanced import and export structure. Data show that from January to February, the import and export of knowledge intensive services reached 382.4 billion yuan, an increase of 17.9%. Among them, the export of knowledge intensive services was 219.69 billion yuan, an increase of 20.3%; The areas with rapid export growth were intellectual property royalties, telecommunications, computer and information services and other commercial services, with an increase of 72.1%, 25.7% and 17.1% respectively. The import of knowledge intensive services was 162.71 billion yuan, an increase of 15%; The area with rapid import growth was insurance services, with a growth rate of 124.9%. "With the increasing opening of China's service industry and the rapid development of knowledge and technology intensive service industry, knowledge intensive service trade shows a trend of rapid development." Zheng Wei said that this shows that after years of efforts and exploration, China's service trade has achieved remarkable results in innovation and high-quality development. In addition, the data of the first two months showed that the import and export of travel services recovered. From January to February, China's import and export of travel services amounted to 149.77 billion yuan, an increase of 16.9%, of which exports decreased by 7.1% and imports increased by 19.1%. Excluding travel services, from January to February, China's import and export of services increased by 37.2%, of which export increased by 41% and import increased by 32.5%; Compared with the same period in 2019, the import and export of services increased by 59.4%, of which the export increased by 75.3% and the import increased by 42.4%. (Xinhua News Agency)