China's services trade surplus narrows in Jan-Jul, total volume up 8.3% YoY

China's services trade totaled 4.45 trillion yuan in Jan-Jul 2026, up 8.3% year on year, according to data from the Ministry of Commerce. Exports rose 17.1% to 1.77 trillion yuan, while imports grew 3.2% to 2.67 trillion yuan, leaving a services trade deficit of 900.25 billion yuan, narrowing by 176.33 billion yuan from a year earlier.

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