China’s services trade declines, deficit narrows

China’s services trade fell in the first five months this year amid the Covid-19 pandemic, but the trade structure kept improving with a narrowing deficit, said Gao Feng, a spokesperson for the Ministry of Commerce (MoC). The services trade totaled 1.87 trillion yuan (US$264.8 billion) during the period, down by 14.6% year on year, said […]