A worker stands in front of containers at a port in Shanghai. China May 10, 2011. REUTERS/Aly Song/File Photo
China’s trade deficit in services narrowed to $20.9 billion in October from $23.3 billion in September, the foreign exchange regulator said on Monday.
BEIJING China’s trade deficit in services narrowed to $20.9 billion in October from $23.3 billion in September, the foreign exchange regulator said on Monday.
October’s deficit was largely due to a $20.2 billion gulf between foreign tourists and the Chinese, who splurge more abroad than foreign travelers in China, data from the State Administration of Foreign Exchange (SAFE) showed.
In the January-October period, the trade deficit in services was $208.6 billion.
(Reporting by Beijing Monitoring Desk- Editing by Sunil Nair)
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