With Jan-July data reaching US$491b, sector to upgrade consumption and industries
A visitor (left) tries out GTVerse, a business-to-consumer mixed reality social network platform, at the 2022 China International Fair for Trade in Services on Thursday. The value of China’s trade in services surged 20.7 percent year-on-year to 3.39 trillion yuan (US$491.37 billion) in the first seven months. (PHOTOT BY ZHANG WEI / CHINA DAILY)
Compared with manufacturing and agriculture, the services sector probably never had it so good: its prominence in GDP is growing, the number of services of various kinds is ever expanding, and trade in services is ballooning, as has been highlighted by the six-day 2022 China International Fair for Trade in Services－CIFTIS－that opened in Beijing on Aug 31.
More evidence of the growing significance and vibrancy of trade in services can be…
