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China's November services trade deficit widens to US$15.6 billion
CHINA's trade deficit in services widened to US$15.6 billion in November from $14.1 billion in October, the foreign exchange regulator said.
For January-November, the deficit in services trade stood at $187.9 billion, the State Administration of Foreign Exchange (SAFE) said in a statement, Reuters reported.
A $14 billion gap in spending between Chinese and foreign tourists has led to November's deficit. China had a $51.4 billion surplus on trade of goods in November.
For January-November, the deficit in services trade stood at $187.9 billion, the State Administration of Foreign Exchange (SAFE) said in a statement, Reuters reported.
A $14 billion gap in spending between Chinese and foreign tourists has led to November's deficit. China had a $51.4 billion surplus on trade of goods in November.
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