Hey everyone! The Chinese mainland's service trade kicked off the year with a major boost, surging to 1.97 trillion yuan in Q1 — an impressive 8.7% growth compared to last year.
The data is eye-catching: exports climbed to 835.15 billion yuan (up 12.2%), while imports reached 1.139 trillion yuan (a 6.2% increase). Travel services really stole the show, expanding by 21.8% to hit 584.9 billion yuan. Even more amazing, travel exports soared by 97.5%, with imports rising by 14.9%! 🚀
Knowledge-intensive services also posted steady gains, reaching 752.49 billion yuan with exports up by 2.1% and imports growing by 3.4%. This kind of dynamic progress highlights a vibrant shift in the global services landscape — a trend that resonates with tech enthusiasts, creative start-ups, and young professionals across South and Southeast Asia.
From innovative tech hubs in Bangalore and Jakarta to the bustling creative scenes in Ho Chi Minh City and Colombo, these figures signal exciting new opportunities. Stay tuned for more updates on how these transformative trends are shaping the future of global trade!
Exciting times ahead as the Chinese mainland's service sector sets a new pace for worldwide innovation! 👍
Reference(s):
cgtn.com
