国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

China's service trade deficit may expand in next few years

Source: Xinhua| 2018-06-14 21:52:21|Editor: ZX
Video PlayerClose

BEIJING, June 14 (Xinhua) -- China's deficit of trade in services is expected to expand in the next few years due to the country's industrial and consumption upgrades, an official said Thursday.

The service trade deficit may begin to shrink "only after it reaches a certain level," Gao Feng, spokesperson for the Ministry of Commerce said at a press conference.

China's service trade deficit has seen a rising trend in recent years. Last year, the deficit was 1.62 trillion yuan (about 253 billion U.S. dollars).

In the first four months of this year, China's service trade deficit stood at 88.24 billion dollars. Although the figure for the first five months is yet to be released, it is expected to surpass goods trade surplus of 99.67 billion dollars for the January-May period.

"Judging from international experience, it is a general law for large manufacturing nations to see service trade deficits in the process of transformation," Gao said.

The deficit is the result of China's industrial transformation and upgrading of residential consumption, he said.

As the economy enters the phase of high-quality development, China also has a growing appetite for quality service products, Gao added.

China is seeing expansion in service trade deficit in many sectors, including intellectual property rights, showing both the country's large market potential and the large gap in the service sector's competitiveness between China and developed nations, he said.

In the future, China will take measures to push for healthy growth of service trade to seek not only larger volume, but better structure and greater competitiveness, Gao said.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001372541241
主站蜘蛛池模板: 涿鹿县| 虞城县| 通化县| 务川| 冀州市| 崇义县| 密山市| 宁陕县| 山丹县| 桓仁| 清丰县| 河源市| 波密县| 五华县| 潼南县| 开鲁县| 岱山县| 康定县| 河北省| SHOW| 曲麻莱县| 乡城县| 左云县| 芒康县| 名山县| 南靖县| 鲁山县| 阿克| 武宁县| 囊谦县| 新龙县| 无锡市| 金沙县| 永宁县| 兴仁县| 葫芦岛市| 布拖县| 定远县| 高碑店市| 白银市| 商洛市|