What's news

Foreign service trade deficit narrows in Nov

China's deficit in foreign service trade shrank slightly to the lowest monthly volume of the year in November, official data showed on Wednesday. The deficit stood at $20 billion last month, down from $20.6 billion in October, the State Administration of Foreign Exchange (SAFE) said in a statement. Income from trade in services stood at $20 billion last month, while expenditure was $40 billion. In the first 11 months, service trade deficit totaled $269 billion, the SAFE said. In contrast to merchandise trade, trade in services refers to the sale and delivery of intangible products such as transportation, tourism, telecommunications, construction, advertising, computing and accounting.

Henan to reward firms boosting real economy