China's services trade sees notable growth in first 7 months

BEIJING -- China's services trade posted solid growth in the first seven months of 2025, with a steep increase in the trade of travel-related services, official data showed on Friday.

The country's services trade volume reached 4.58 trillion yuan ($644.2 billion) during this period, up 8.2 percent year-on-year, according to the Ministry of Commerce.

Services exports reached nearly 2 trillion yuan, an increase of 15.3 percent from a year earlier, while services imports rose 3.3 percent to 2.58 trillion yuan, resulting in a deficit of 581.56 billion yuan.

Trade in travel-related services maintained strong growth momentum, surging 10.4 percent year-on-year to 1.26 trillion yuan. Notably, exports jumped 62.9 percent.

Meanwhile, trade in knowledge-intensive services increased by 6.8 percent year-on-year to over 1.77 trillion yuan.