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China's trade deficit further expanded

time2017/07/06

Ministry of Commerce, Trade and Industry Department on the 4th of 2017 January-May China's import and export services to speak. From January to May in 2017, China's import and export of services was steady and the total import and export volume was RMB182,436 million, up by 9.2% year-on-year. Among them, exports 569.74 billion yuan, an increase of 4.6%; imports 1256.69 billion yuan, an increase of 11.5%; deficit of 688.75 billion yuan. Ministry of Commerce, Trade and Industry Department official pointed out that from January to May 2017, China's import and export services show the following characteristics: service import and export steadily, the emerging areas of export growth accelerated significantly, technology and other emerging areas of rapid growth in imports, Transport and tourism services import and export of the first five months to maintain positive growth, service import and export deficit to further expand the scale.