China's service trade volume increased by 14.7% year-on-year in the first quarter

In the first quarter of 2024, China's service trade achieved significant growth, with the total transaction volume reaching 1.81674 billion yuan, a year-on-year increase of 14.7%. Among them, the service export value was 744.2 billion yuan, an increase of 9.4%, while the service import value reached 1.07254 billion yuan, a sharp increase of 18.7% year-on-year. The service trade deficit in this quarter was 328.34 billion yuan.