Skip to main content

In 2021, the total import and export of services will be nearly 5.3 trillion yuan

 The reporter recently learned from the regular press conference of the Ministry of Commerce that my country's service trade will continue to grow rapidly in 2021, with the total import and export of services reaching 5,298.27 billion yuan, and the service trade deficit narrowing to 211.27 billion yuan, which fully reflects my country's structure in the field of service trade. Positive results have been achieved in terms of adjustment and export competitiveness improvement.



 The rapid growth of my country's service industry has laid a solid foundation for the coordinated development of trade in services. According to the National Bureau of Statistics, in 2021, the added value of China's service industry will increase by 8.2% year-on-year, accounting for 53.3% of the GDP. The new kinetic energy of the service industry has been gradually stimulated, and new business forms and new models have emerged. At the same time, the new generation of information technology has greatly improved the tradability of services, and the continuous integration of manufacturing and service industries has significantly improved the quality and efficiency of service supply.

 My country's export competitiveness of knowledge-intensive services has been significantly improved. In 2021, my country's export of knowledge-intensive services will increase by 18%; among them, exports of personal cultural and entertainment services, intellectual property royalties, telecommunications, computers and information services will increase by 35%, 26.9%, and 22.3%, respectively, showing strong export competition. 


 Exports of transport services grew rapidly. Affected by trade in goods and price factors, the export of transportation services will continue to grow rapidly in 2021. In 2021, my country's transportation service exports will reach 820.55 billion yuan, with a growth rate of 110.2%, making it the fastest growing area of ​​exports among the 12 major areas of service trade. The export of transportation and knowledge-intensive services together drove the rapid growth of service exports throughout the year, with a growth rate of 31.4%, which was 26.6 percentage points higher than the growth rate of service imports, driving the service trade deficit to drop by 69.5% over the previous year. (Reporter Wang Ke)

Source National government official website, People's Daily

Comments

Post a Comment

Popular posts from this blog

China Expo Online Fair On MatchupExpo Platform

  China Expo  Online Fair  China Expo Online Fair ( Mexico- Household) " integrates the Online Exhibition Platform of Matchup Expo, which has been developed by "UAEC Group" for many years, the Buyer Resources accumulated in the professional physical exhibition, the Channel and Member resources of contracted industrial Associations, supplemented by directional inviting and accurate match -making by professional Operation Teams, while introducing virtual negotiation, 3D, big data, AI application scenarios, and taking the "Special Virtual Business Talk + 365 Days Perennial Display" mode to provide digital solutions for manufactures and importers, to further online expo to 24 hours in 365 days. (Europe-Auto &  Motorcycle Parts ) (Hardware and  Building Material ) (Middle East-  Home Construction  & Decoration) (RCEP- Housewares ) (RCEP- Motorcycle  &  Auto  Parts ) ( Home Construction  &  Decoration ) (Europe -...
Post a Comment
Read more

China-Europe freight train ushered in a new milestone

 The cumulative number of freight trains has exceeded 50,000! In 2022, the China-Europe freight trains galloping across the Eurasian continent ushered in a new milestone. Amid the headwinds of poor global circulation and insufficient transportation capacity, this "steel camel team" has continued to accelerate, strongly supporting the "arteries" of the global industrial chain supply chain with stable, reliable and efficient logistics services, and running through the "lifeline" of epidemic prevention and control ”, showing resilience and responsibility, and conveying confidence and strength. From 0 to 50,000 freight trains, the numbers have witnessed the growth of the "steel camel team". In just over ten years, the China Railway Express has changed from a "line segment" to a "network", from "going without return" to "returning with a full load". At the beginning of the operation, the China-Europe freight tra...
Post a Comment
Read more

Steadily increase the weight of RMB SDR and promote the creation of digital version of SDR

The Executive Board of the International Monetary Fund (IMF) recently completed the five-yearly review of the valuation of the Special Drawing Rights (SDR), and unanimously decided to maintain the current SDR basket of currencies, which is still composed of the US dollar, the euro, the Chinese yuan, and the Japanese currency. It is composed of the yuan and the pound, and the weight of the yuan is raised from 10.92% to 12.28%. The new SDR currency basket will come into effect on August 1 this year. At present, the weight of the RMB in the SDR remains in third place. "As the world's second largest economy, the weight of the RMB in the SDR has increased, which not only helps to enhance the international status of the RMB, but also further enhances the status of the SDR in the international monetary system." Liang Haiming, Dean  of the Belt and Road Research Institute of Hainan University, believes that "In the long run, the IMF's move can increase the supply of saf...
Post a Comment
Read more