Guess what? 🎉 China has just reached a huge milestone! For the first time ever, China’s trade in services has gone over $1 trillion in a single year! That’s a really big number! 😮
So, what is ‘trade in services’? 🤔 It’s when countries buy and sell services to each other, like tourism, education, and digital services. In 2024, China traded services worth over 7.5 trillion yuan, which is about $1.05 trillion! That’s a 14.4% increase from the previous year.
Experts say that this big growth is because of things like more people using digital technology, smart tech advancements, and focusing on green, or environmentally friendly, development. All of these help China trade more services with other countries.
An interesting fact is that China made it easier for people to visit by relaxing visa rules. This means more tourists are coming to see China’s amazing landmarks, nature, and cities! 🏯🌳🌆 There’s even a popular hashtag ‘China Travel’ where people share their fun experiences.
Not only that, but China’s digital content is becoming a big hit worldwide! Games like ‘Black Myth: Wukong’ are popular, and Chinese movies and TV shows are being watched on platforms like Netflix and YouTube. 📺🎮
The Chinese government is also helping this growth by supporting high-quality development in services trade. They’re encouraging more openness, innovation, and cooperation with other countries.
Experts suggest that China should keep improving its policies and work more with other countries to trade services. This could include making new zones for services and supporting businesses in areas like finance, design, and certification.
This is exciting because as China trades more services, it can help the global economy grow too! 🌏💡
What do you think about China’s big achievement? Let us know! 😊
Reference(s):
China's annual trade in services exceeds $1 trillion for first time
cgtn.com
