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.
After the Regional Comprehensive Economic Partnership agreement took effect in January, more companies from RCEP member countries have been enthusiastic about expanding new business opportunities in trade, investment and other fields in China.
China's foreign trade will likely grow by double digits in the second half of this year on the back of the nation's strong economic resilience and speedier recovery, a former vice-minister of commerce said.
The second China International Consumer Products Expo wrapped up in the southern Chinese island province of Hainan on Saturday.
A growing number of overseas mines are carrying out yuan settlement for spot trades at Chinese ports, which is not only helpful for the wider application of the yuan in commodity settlement but also illustrates the importance of the Chinese market to global miners, analysts said.