IN BRIEF (Page 5)

Nation ranks 20th for service trade

China ranked 20th in service trade development globally, according to the Global Service Trade Development Index Report 2018, which was released on Friday by the Chinese Academy of International Trade and Economic Cooperation. "Compared with other countries, the service trade in China has vast volume while imports account for a relatively large proportion," Li Jun, director of the research body's international service trade institute, said.

Export tax rebates to be increased