new highs! my country's foreign trade continued to improve in july and its activity increased steadily
2024-08-31
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cctv news:on august 30, the state administration of foreign exchange released my country's balance of payments trade data on goods and services for july 2024. a number of indicators showed that my country's foreign trade operations continued to improve and its activity level steadily increased.
in july 2024, my country's international balance of payments trade in goods and services reached 4235.2 billion yuan, up 12% year-on-year; the surplus was 293.3 billion yuan,a record monthly high since 2023among them, the trade surplus in goods was 431.6 billion yuan, which has increased month-on-month for five consecutive months. the trade in services grew steadily. the scale is the best level in the same period in historyin terms of major projects, in july, the number of foreign tourists to china continued to grow, with travel revenue of 23 billion yuan.this is the highest monthly value since 2019.; the surplus of other commercial services such as telecommunications, computer and information services, and legal consulting were all higher than the average level in the first half of the year.
tian lihui, dean of the institute of financial development at nankai university, said the data reflects the strong competitiveness of china's exports and the effective demand for chinese manufacturing in the international market. travel income reached the highest monthly value since 2019, which will drive the development of related industries such as hotels, catering, and transportation, and promote the growth of domestic consumption. the surplus of other commercial services such as telecommunications, computer and information services, and legal consulting was higher than the average level in the first half of the year, indicating that my country's competitiveness in emerging services and high-end services is constantly increasing, and is gradually moving towards the middle and high end of the global value chain.
source: cctv.com
