China's trade in services continues to grow, up 14.5% year-on-year in January-September - Chinese report

China's trade in services continued to show high growth from the first to third quarters of this year (January to September).
The total value of trade in services increased 14.5% year-on-year to 5,518,140 million yen.
Of this, exports increased by 15.3% to 2,273.34 trillion formers (approximately 48.9 trillion yen), and imports increased by 14% to 3,244.8 billion formers (approximately 69.8 trillion yen).
The characteristics of trade in services during the same period are as follows:
Trade in knowledge-intensive services continued to grow.
The total amount of trade rose 5.3% to 2,133,420 million formers (approximately 45,900 billion yen). Of this, exports rose 4.8% to 1,206,310 million formers (approximately 25,900 billion yen), the increase rate being
Relatively high figures were for personal cultural and recreational services (up 21.8%) and other commercial services (up 8.7%). Imports increased 6% to 927.11 billion former (approximately 19.9 trillion yen).
Among them, personal cultural and entertainment services (36.6% increase) and other commercial services (11.5% increase) showed relatively high growth. Trade in travel services is growing rapidly.
The total value of exports and imports increased by 42.8% to 1,505,280 million former (approximately 32.4 trillion yen). Travel services accounted for the largest proportion of the total trade in services.