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Knowledge Intensive Service Exports To Grow - Vice Minister

CHINA PRESS
MNI (BEIJING)

China will increase knowledge intensive services exports and promote digital trade, according to Liu Xiangdong, vice minister at the China Centre for International Economic Exchange. In an interview with Securities Daily, Liu said services trade is normalising, as imports rebound faster than exports due to outbound travel service imports recovering quickly. He noted the export of knowledge intensive services reached CNY243.85 billion over January-February, an increase of 11% y/y, with fast growth noted in insurance (38%) and financial services (19.1%).

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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