Despite the Russia-Ukraine conflict and the United States' interest rate hike, Chinese exporters, backed by the government's supportive measures and new foreign trade formats such as cross-border e-commerce business, have been busy in upgrading their product structure this year.
China's services trade continued to expand in volume in the first nine months of this year, while its deficit narrowed, official data showed Thursday.
China's imports and exports were valued 31.11 trillion yuan ($4.29 trillion) in the first three quarters of the year, up 9.9 percent from a year ago, data from the General Administration of Customs showed on Monday.
The added value of the industry accounts for 27.9 percent of all industrial sectors, and the country's exports of light industry and textile products have surpassed 30 percent of the world's total.
China's service trade value grew 21.6 percent year on year in the first half of 2022, data from the Ministry of Commerce showed on Wednesday.