Business News China October services trade deficit $20.9 billion: forex regulator 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) Source: http://www.reuters.com/article/us-china-economy-trade-idUSKBN13N0HI 4 recommended0 commentsShareShareTweetSharePin it