Game players demonstrate a virtual reality game to the audience during the 2023 China International Fair for Trade in Services (CIFTIS) at Shougang Park in Beijing, capital of China, Sept 5, 2023. (PHOTO / XINHUA)
BEIJING — China's total service import and export volume grew 9 percent year-on-year in the first 11 months of 2023, data from the Ministry of Commerce showed Thursday.
The service trade volume exceeded 5.89 trillion yuan (about $829.61 billion) during the January-November period last year, according to the ministry.
China's trade of knowledge-intensive services maintained steady growth during the period, rising 8.3 percent year-on-year to 2.44 trillion yuan
Of the total, service imports grew 23.5 percent year-on-year to top 3.48 trillion yuan, while service exports fell 6.8 percent year-on-year to 2.41 trillion yuan.
READ MORE: China's service trade up 8.5% in first six months
China's trade of knowledge-intensive services maintained steady growth during the period, rising 8.3 percent year-on-year to 2.44 trillion yuan.
Services related to the travel sector registered notable growth. The sector's total trade surged 73.5 percent year-on-year to more than 1.31 trillion yuan.
READ MORE: China's service trade up 8% in first eight months
Exports and imports of travel services expanded 56 percent and 74.9 percent year-on-year, respectively.