According to data released by the Ministry of Commerce, China's service trade continued to grow rapidly from January to May, with a total import and export volume of 3021.96 billion yuan, a year-on-year increase of 16%. Among them, exports reached 1219.56 billion yuan, an increase of 11%; Imports reached 1802.4 billion yuan, an increase of 19.6%; The service trade deficit is 582.84 billion yuan. Knowledge intensive service trade continues to grow. From January to May, the import and export of knowledge intensive services reached 1189.89 billion yuan, an increase of 6%. Among them, the export of knowledge intensive services reached 675.31 billion yuan, an increase of 2.8%. The fastest-growing areas include intellectual property usage fees, personal culture, and entertainment services, with growth rates of 17.8% and 15.5% respectively; The import of knowledge intensive services reached 514.58 billion yuan, an increase of 10.4%. The fastest-growing areas include personal cultural and entertainment services, as well as other commercial services, with growth rates of 49.4% and 17.2%, respectively. Travel services are growing rapidly. From January to May, travel services continued to maintain rapid growth, with import and export of travel services reaching 819.72 billion yuan, an increase of 48.4%, making it the largest sector of service trade. (Lai Xin She)
Edit：Lubaikang Responsible editor：Chenze
Source：people.com.cn
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