00:00China's services trade is not just growing, it is evolving.
00:04In the first six months of 2026, the country's services imports and exports reached nearly 3.78 trillion yuan, an
00:11increase of 8.3% from a year earlier.
00:14While imports continued to outpace exports, the trade deficit narrowed significantly, suggesting a more balanced services sector is beginning to
00:22emerge.
00:25What is particularly notable is where the growth is coming from.
00:29Knowledge-intensive services, ranging from intellectual property and digital services to cultural and entertainment products, now account for 44%
00:38of China's total services trade.
00:41Exports in this segment grew 12.8%, with personal, cultural and entertainment services surging 57.2%, while intellectual property royalties
00:51climbed 44.3%.
00:53The figures point to China's increasing ability to generate value not only through manufacturing, but also through ideas, content and
01:01innovation.
01:02Another standout performer was the travel sector.
01:05Services exports linked to travel jumped 31.1%, making it the fastest-growing export category among China's major services industries.
01:14On the import side, transport services led the way, expanding 30.4%, reflecting stronger cross-border trade and mobility.
01:23Taken together, the latest numbers suggest China's services sector is becoming a more important driver of economic growth,
01:30with high-value and knowledge-based activities playing a larger role in the world's second-largest economy.
01:35That's all I've been waiting for today.
01:36I'mboro Johns Piano.
01:36Have a great day.
01:36Bye
01:36My
01:36my
01:36Thank you
01:37My
01:37today
01:37My
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