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        Business / Macro

        China posts service trade deficit in Jan

        (Xinhua) Updated: 2014-02-26 10:54

        China posts service trade deficit in Jan
        WeChat, the mobile messaging application from China's Internet giant Tencent, is stepping up its efforts to further boost its presence in the US market by launching a new promotional campaign. WeChat US users who connect their WeChat account with their Google accounts will get a $25 restaurant.com gift card if they invite five Google contacts to join the service by Jan 31,2014.[File photo / Image China]


        BEIJING - China's foreign trade in services had a deficit of 81.4 billion yuan ($13.3 billion) in January, said the State Administration of Foreign Exchange (SAFE) on Tuesday.

        The country's income from trade in services stood at 113.6 billion yuan in the first month of this year, and the expenditure reached 195 billion yuan, according the data released by the administration.

        The SAFE will issue statistics on trade in services every month starting from January this year, to "improve the transparency of balance of payments," as trade in services takes up a big part of this.

        China posts service trade deficit in Jan

        China posts service trade deficit in Jan

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