The latest data released by the Ministry of Commerce shows that in 2024, China's service trade will achieve rapid growth and reach a new historical high in scale. The total import and export volume of services for the year was 7523.8 billion yuan, a year-on-year increase of 14.4%. Among them, exports amounted to 3175.56 billion yuan, an increase of 18.2%; Imports amounted to 4348.24 billion yuan, an increase of 11.8%; The trade deficit in services was 1172.68 billion yuan, a decrease of 31.43 billion yuan from the previous year. Knowledge intensive service trade maintains growth. The import and export of knowledge intensive services for the whole year amounted to 2.89652 trillion yuan, an increase of 6.5%. Among them, the export of knowledge intensive services reached 1657.32 billion yuan, an increase of 7.4%. Personal cultural and entertainment services, telecommunications and computer services, and information services grew rapidly, with growth rates of 39.3% and 12.2%, respectively; The import of knowledge intensive services reached 1.2392 trillion yuan, an increase of 5.4%. Personal cultural and entertainment services, as well as intellectual property usage fees, grew rapidly, with growth rates of 29.5% and 8.7%, respectively. The trade surplus of knowledge intensive services was 418.12 billion yuan, an increase of 50.45 billion yuan from the previous year. Travel services are growing the fastest. Since 2024, travel services have continued to maintain high-speed growth, with imports and exports reaching 205.15 billion yuan, an increase of 38.1%, making it the largest sector of service trade. Among them, exports increased by 156.8% and imports increased by 29.3%. (New Society)