BEIJING: China’s trade deficit in services widened to US$260.1 billion last year, from $206.5 billion in 2015, the foreign exchange regulator said on Thursday. The December deficit also widened month-on-month to $26.1 billion, from $25.4 billion in November.
December’s deficit was largely due to a $24.2 billion gulf in spending between foreign tourists and the Chinese, who splurge more abroad than foreign tourists in China, data from the State Administration of Foreign Exchange showed.
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