China's Ministry of Commerce released its services trade data for January and February. Growth in travel and knowledge-based services drove overall expansion, with a narrowing trade deficit.

Yesterday, China and Kyrgyzstan officially kicked off the negotiations for a services trade and investment agreement.

China’s State Council recently released a set of guidelines to promote the development of services trade with special language emphasizing data flows.

Last week, during Chinese Premier Li Qiang's visit to Belarus, the two governments signed a number of deals on the BRI and trade, including one on services trade and investment.

Over the first two months of 2024, China's services trade grew 22.8%, according to the Ministry of Commerce (MOFCOM), and its intellectual property (IP) exports grew over 80%.

Last week, China's Ministry of Commerce (MOFCOM) issued two negative lists for services trade, both of which will become effective on April 21.

China's Ministry of Commerce (MOFCOM) revealed that in 2023, China's total contract amount of offshore service outsourcing contracts reached US$215.4 billion, with the top destinations being the United States, Hong Kong, the European Union, and RCEP countries.