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China’s foreign service trade deficit rises in March

Updated: Apr 30,2015 1:51 PM     Xinhua

BEIJING — China’s deficit in foreign service trade reached 92.1 billion yuan (around $15 billion) in March, up from 76.7 billion yuan in February, data from the State Administration of Foreign Exchange (SAFE) showed on April 30.

Last month, the country spent a total of 205.3 billion yuan in international service trade, according to the data.

China’s deficit in foreign merchandise and service trade amounted to 103.6 billion yuan in March, contrasted with a surplus of 289.2 billion yuan in the previous month.