China's 2016 services trade expected to exceed US$750b
Published Tue, May 10, 2016 · 09:26 AM
[BEIJING] The value of China's services trade is expected to grow rapidly and exceed US$750 billion in 2016, the commerce ministry said on Tuesday.
The ministry also said that global commodities markets face pressure from reductions in overcapacity in 2016.
Impacts from trade frictions are becoming more obvious and China's economy continues to face big downward pressure, it said in a statement on its website.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
South Korea’s economic growth beats forecast as exports rise
China 2024 growth outlook raised to 4.8%, deflation risk lingers
Luxury sector outlook clouded by China’s slow recovery
‘We aren’t going anywhere’: TikTok CEO expects to defeat US restrictions
TikTok artists and advertisers to stay with app until ‘door slams shut’
Biden signs Ukraine aid, TikTok ban Bills after Republican battle