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China Service Trade Deficit Drops

China Service Trade Deficit DropsChina Service Trade Deficit Drops

China recorded a service trade deficit of $14.9 billion in June, down from $18.3 billion in May, official data showed Friday, MarketWatch reported. For the first six months of the year, the country saw a service trade deficit of $91.6 billion, the State Administration of Foreign Exchange said in a statement on its website. China had a merchandise trade surplus of $47.6 billion in June and a surplus of $255.4 billion in the January-June period, according to the foreign-exchange regulator’s data.

 

Financialtribune.com