The import and export value of China's trans-border service trade hit US$191.75 billion in 2006 (as calculated by the balance of payments, not including government services), up 22.1 percent from 2005. Wang Xinpei, spokesman for the Ministry of Commerce, stated at a news conference on May 30th, that imports and exports continue to expand.

In 2006, China's service trade had three main characteristics. One was a reduced trade deficit; the second were rapidly developing new areas; and the third were highly concentrated export and import markets. Hong Kong, the US and Japan have become China's top three key partners in the service trade.

By People's Daily Online