
China’s Service Trade Booms with 8.7% Q1 Growth
China’s service trade expanded by 8.7% in Q1, reaching 1.97 trillion yuan, driven by significant growth in travel and knowledge-intensive services.
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China’s service trade expanded by 8.7% in Q1, reaching 1.97 trillion yuan, driven by significant growth in travel and knowledge-intensive services.

China’s economy grew by 5.4% in the first quarter of 2023, surpassing expectations with strong consumption, industrial output, and exports, signaling a robust start to the year.