Politburo Prioritizes Service Trade Expansion; Jan-May 2026 Trade Up 6% to 3.1 Trillion Yuan
The Political Bureau of the CPC Central Committee met on July 30 to analyze the economic situation and deploy work for the second half of the year. It called for expanding international trade cooperation and vigorously developing service trade. According to Ministry of Commerce data, China's total service trade imports and exports reached 3.09948 trillion yuan in the first five months of 2026, up 6% year-on-year. Exports rose 15.9% to 1.23046 trillion yuan, while imports edged up 0.4% to 1.86902 trillion yuan, narrowing the deficit to 638.56 billion yuan. The 2025 full-year service trade totaled 8.08231 trillion yuan, up 7.4%.
- Effective
- +10
- Intensity
- 60
- Confidence
- 70%
- Horizon
- Medium term