Service sector vibrant amid shift

China's trade in services reached a record high of 2.98 trillion yuan ($436 billion) between January and July, which was bolstered by the nation's economic resilience and increasing efforts to drive the service sector.

The Ministry of Commerce said that in the first seven months of 2018, China's total service trade grew 9.9 percent year-on-year. Trade in services refers to the sales and delivery of intangible products such as transportation, tourism, telecommunications, construction and advertising.

The ministry attributed the solid expansion to stable domestic economic growth, a set of opening-up measures, and favorable policy support for the service sector.