1. China’s services trade deficit narrows to $20.3 bn in April: Foreign exchange regulator

China’s services trade deficit narrows to $20.3 bn in April: Foreign exchange regulator

China's trade deficit in services narrowed to $20.3 billion in April from $21 billion in March, the foreign exchange regulator said on Friday.

By: | Beijing | Published: May 27, 2016 1:12 PM
China had a .4 billion surplus on trade of goods in April, data from the online statement showed. (Reuters) China had a .4 billion surplus on trade of goods in April, data from the online statement showed. (Reuters)

China’s trade deficit in services narrowed to $20.3 billion in April from $21 billion in March, the foreign exchange regulator said on Friday.

April’s gap was largely led by a $18.3 billion gulf in spending between Chinese who spent more abroad than foreign tourists did in China, data from the State Administration of Foreign Exchange (SAFE) showed.

China had a $44.4 billion surplus on trade of goods in April, data from the online statement showed.

The value of China’s services trade is expected to grow rapidly and exceed $750 billion in 2016, the commerce ministry said on May 10.

Get latest news and updates on Auto Expo 2018, check breaking news on Budget 2018, like us on Facebook and follow us on Twitter.

  1. No Comments.

Go to Top