China Feb services trade deficit narrows to US$16b
[BEIJING] China's trade deficit in services narrowed to US$16 billion in February compared with US$20.7 billion in January, the foreign exchange regulator said on Monday.
February's gap was largely due to a US$15.5 billion gulf in spending between Chinese who spent more abroad than foreign tourists in China, data from the State Administration of Foreign Exchange (SAFE) showed.
In the first two months, the services trade deficit stood at US$36.7 billion yuan, according to Reuters' calculation.
China had a US$25.9 billion surplus on trade of goods in February, according to SAFE data.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons
BOE reports record usage of short-term liquidity repo
Philippines central bank not seeing rate hike despite peso weakness: finmin
Middle East tensions threaten global progress on inflation: World Bank
Heatstroke kills 30 in Thailand this year as South-east Asia bakes