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China’s service trade deficit grows in July

China’s service trade deficit grows in July
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China continued to see a deficit in foreign service trade in July and the volume has expanded, data from the State Administration of Foreign Exchange showed. Income from trade in services stood at US$19 billion last month, while expenditures were US$44.3 billion, resulting in a deficit of US$25.3 billion. The deficit enlarged from the US$22.1 billion seen in June.

Read the full story at https://www.shine.cn/biz/economy/1809011462/

SOURCE: Shine

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