China's service trade deficit expands in January

Updated: Feb 26, 2021 Xinhua Print

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People visit the special area for public health and epidemic prevention in the comprehensive exhibition area of the 2020 China International Fair for Trade in Services (CIFTIS) at the Olympic Green in Beijing, capital of China, Sept 8, 2020. [Photo/Xinhua]

BEIJING - China recorded a service trade deficit of 58.1 billion yuan (about $9 billion) in January, data from the State Administration of Foreign Exchange showed Friday.

The figure was up from 56.9 billion yuan in December 2020.

China's service trade income stood at 154.2 billion yuan last month with an expenditure of 212.3 billion yuan, the data showed.

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