CHINA’S trade deficit in services widened to US$21 billion in March from February’s US$16 billion, the foreign exchange regulator said yesterday.
March’s gap was largely led by a US$19.1 billion gulf in spending between Chinese tourists who spent more abroad than foreign tourists did in China, data from the State Administration of Foreign Exchange (SAFE) showed.
In the first three months, the services trade deficit stood at US$57.7 billion.
China had a US$24.6 billion surplus on trade of goods in March, according to SAFE data.(SD-Agencies)
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