BEIJING: China’s deficit in foreign service trade narrowed in November, data from the State Administration of Foreign Exchange showed yesterday.
The deficit fell to US$15.6 billion from US$89.2 billion in October.
The State Council has pledged measures to accelerate development of trade in services, including gradually opening up the finance, education, culture and medical treatment sectors.
SAFE began issuing monthly data on service trade in January 2014 to improve the transparency of the balance of payments data. Since the start of 2015, it has also included monthly data on merchandise trade.
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