Service trade between China, B&R countries surpasses $120bn

27 May, 2019 12:00 AM printer

BEIJING: China's service trade with countries and regions along the Belt and Road (B&R) reached over 120 billion U.S. dollars last year, according to the Ministry of Commerce (MOC).

In 2018, the import-export volume of the service trade between China and Belt and Road countries and regions amounted to 121.7 billion U.S. dollars, accounting for 15.4 percent of China's service trade, said Wang Bingnan, vice minister of the MOC, reports Xinhua.

China has been the world's second-largest country in service trade for five consecutive years, with the total volume reaching 5.24 trillion yuan (759 billion U.S. dollars) in 2018, up 11.5 percent year on year, MOC data showed.