China Economic Net Beijing February 5th (reporter Feng Qiyu) data released by Ministry of Commerce showed that in 2017, the total import and export volume of services was 4 trillion and 699 billion 110 million yuan, an increase of 6.8% over the same period last year. Xian Guoyi, director of the Department of Commerce and trade department, pointed out that in the past 7 years, the growth rate of China's service export was higher than the import.
Data show that in 2017 China's service exports 1 trillion and 540 billion 680 million yuan, imports 3 trillion and 158 billion 430 million yuan; service deficit of 1 trillion and 617 billion 740 million yuan, a slight increase of 0.3% over the previous year. The structure of trade is continuously optimized and the characteristics of high quality development gradually appear. The scale of China's service import and export is expected to remain the second place in the world for 4 consecutive years.
Xian Guoyi pointed out that the growth of China's export service in 2017 was significantly higher than that of imports. With the gradual expansion of China's manufacturing capacity to production service ability, competitiveness of professional services gradually improve, in 2017 China's exports of services increased by 10.6%, the highest rate since 2011 exports; export growth of 5.5 percentage points higher than the imports for the first time in 7 years, China's service exports grew faster than imports.
At the same time, the growth of the import and export of services is higher than the world's major economies. The World Trade Organization data, the first 11 months in US dollars, China's service import and export growth rate is 1.5, 2.6 and 1.8 percentage points higher than that of the United States, Britain and France, respectively.
In addition, in 2017, China's service import and export also showed the further optimization of the service trade structure, the balanced growth of import and export in the emerging service sector, the rapid growth of import and export services in the central and western regions, and the continuous leading role of the pilot and so on.
From the view of the structure of service trade, the emerging service advantages, with technology, brand, quality and service as the core, are constantly emerging. In 2017, the import and export of emerging services increased by 1 trillion and 460 billion 10 million yuan, an increase of 11.1%, which was 4.3 percentage points higher than the overall growth rate, accounting for 31.1%, up 1.2 percentage points, while the three traditional services such as travel, transportation and construction decreased by 1.1 percentage points.
From the view of the import and export of emerging services, the new service imports in 2017 were 727 billion 170 million yuan, up 10.6%, and the export of emerging services was 732 billion 840 million yuan, up 11.5%. Among them, the import of Telecom computers and information services, intellectual property usage fees and personal entertainment imports increased by 54.9%, 21% and 30.6% compared with the same period, while the export of intellectual property rights, financial services and maintenance and maintenance increased by 316.6%, 30%, 18.2% and 15.7% respectively.
The import and export of services in the central and western regions has increased rapidly. The total import and export of service in the central and western regions was 657 billion 570 million yuan, up 8%, higher than the national growth rate of 1.2 percentage points, and the export growth rate was 23.5%. The total of 11 provinces and cities in the eastern coastal areas were 3 trillion and 998 billion 680 million yuan in total, accounting for 85.9% of the national proportion. In Shanghai, Beijing and Guangdong, the import and export volume of services was 1 trillion and 20 billion 50 million yuan, 967 billion 750 million yuan and 831 billion 600 million yuan respectively, ranking the top three in the country.
The pilot's leading role has been enhanced continuously. Since 2017, the Ministry of Commerce will continue to implement relevant policies and documents on innovation and development of service trade, and create a favorable business environment. In 2017, the total import and export of the pilot area was 2 trillion and 440 billion 550 million yuan, and the import, export, export and import increased by 8%, 11.1% and 7.4%, respectively, all higher than the national level.
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