China services trade value up 17.2 pct in first 10 months

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China’s services trade value grew 17.2 percent year on year in the first 10 months of 2022, data from the Ministry of Commerce showed on Thursday.

The total trade value stood at nearly 4.92 trillion yuan (about 690.77 billion U.S. dollars), according to the data.

Services exports expanded 18.1 percent year on year to 2.36 trillion yuan, and services imports totaled over 2.56 trillion yuan, up 16.4 percent from a year ago.

Trade in knowledge-intensive services raked in nearly 2.05 trillion yuan, up 10.3 percent year on year, the data showed.

Knowledge-intensive services exports gained 14.3 percent to hit nearly 1.15 trillion yuan, led—Xinhua