China's service trade hits record 7.5 trillion yuan in 2024, marking a 14.4% increase.

China's service trade surpassed 1 trillion USD in 2024, hitting a record 7.5 trillion yuan, a 14.4% increase from the previous year. Exports grew by 18.2% and imports by 11.8%. Driven by trends in digitization, smart technology, and green development, the Chinese government is pushing guidelines for high-quality development, including opening-up and international cooperation.

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