In January-November 2018,
1. The rapid growth trend since this yearhas been continuing. In November, the growth rates of import and export ofservices, the import, and the export reached 14.9%, 18.6% and 12.9%respectively. The rapid growth of import and export of services showed thatChinas’ service economy was steady while enjoyed a good trend, and theendogenous power of service trade continued to be strengthened.
2. The proportion of service export in thetotal volume of import and export hit a new record high. With the gradualenhancing of the brand influences of “China Service,”
3. Import and export of knowledge-intensiveservices realized balance development. In January-November, export ofknowledge-intensive services was 777.71 billion yuan, up 26.2% year on year;the import was 735.71 billion yuan, up 15.6% year on year. Among these, exportof telecommunication, computer and information services was 275.59 billionyuan, up 64.3%, the import was 141.28 billion yuan, up 20.9%; the export oftechnical services was 102.04 billion yuan, up 14.3%, and the import was 75.1billion yuan, up 10%; the export of individual culture and entertainmentservices was 6.91 billion yuan, up 47.6%, and the import was 19.53 billionyuan, up 19.2%.
4. Service trade turned to high qualitydevelopment, and the import and export of high-end services related tointellectual property became highlight. In the first 11 months, the value ofthe import and export of royalty of intellectual property was 246.49 billionyuan, up 20.9%, among which, the export was 33.27 billion yuan, up 15.4%, andthe import was 213.22 billion yuan, up 21.9%; the export of services related toresearch and development was 58.94 billion yuan, up 13.6%, and the import was135.72 billion yuan, up 12.1%. The rapid growth of import and export ofservices related to intellectual property, showed that
(Source: MOCOM Website)