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7 months ago
China November services trade deficit $25.4 billion - forex regulator
December 27, 2016 / 7:28 AM / 7 months ago

China November services trade deficit $25.4 billion - forex regulator

1 Min Read

BEIJING (Reuters) - China's trade deficit in services widened to $25.4 billion in November from $20.9 billion in October, the foreign exchange regulator said on Tuesday.

November's deficit was largely due to a $23.1 billion gulf in spending between foreign tourists and the Chinese, who splurge more abroad than foreign tourists in China, data from the State Administration of Foreign Exchange (SAFE) showed.

In the January-November period, the trade deficit in services was $234 billion.

Reporting by Beijing Monitoring Desk; Editing by Christian Schmollinger

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