Core Insights - In the first half of 2025, China's service trade showed steady growth, with a total import and export value of 38,872.6 billion RMB, representing a year-on-year increase of 8.0% [1][3] - Service exports reached 16,883 billion RMB, growing by 15.0%, while imports totaled 21,989.6 billion RMB, with a growth of 3.2% [1][3] - The service trade deficit was 5,106.6 billion RMB, a decrease of 1,522.1 billion RMB compared to the same period last year [1][3] Service Trade Characteristics - Knowledge-intensive service trade continued to grow, with imports and exports totaling 15,025.4 billion RMB, an increase of 6.0% [3] - Major contributors to knowledge-intensive services included other business services and telecommunications, with respective trade values of 6,391 billion RMB and 5,293.8 billion RMB, growing at rates of 3.1% and 12.7% [3] - Knowledge-intensive service exports were 8,650.4 billion RMB, up by 7.8%, while imports were 6,375 billion RMB, increasing by 3.6%, resulting in a surplus of 2,275.4 billion RMB, which is an expansion of 409.2 billion RMB year-on-year [3] Travel Services Performance - Travel services experienced the fastest growth, with total imports and exports reaching 10,802.9 billion RMB, marking a 12.3% increase, making it the largest sector in service trade [3] - Travel service exports surged by 68.7%, while imports grew by 5.5% [3]