Service trade expected to surpass $660b in 2014
The service trade in China is expected to surpass $660 billion in 2014 and exceed $1.2 trillion by 2020, theMinistry of Commerce said on its website. During 2011 to 2013, the service sector accounted for 10.3 percent, 10.8 percent and 11.5 percent of China’s foreign trade, respectively. In the first quarter of this year, the figure reached 12.4 percent, up 1.4 percentage point from a year earlier. behind the industry-wide average. Hyundai boosted sales by 9.6 percent in China in the first six months of this year, lagging behind the 11 percent industrywide growth rate, according to company and auto association data.