FILE PHOTO: A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration/File Photo
January 8, 2018
BEIJING (Reuters) – China has launched a 30 billion yuan ($4.63 billion) investment fund to boost the services trade industry, in an effort to further improve the country’s foreign trade structure, the official Xinhua News Agency said on Monday.
The fund was jointly set up by the Ministry of Finance, Ministry of Commerce and China Merchants Capital Investment, Xinhua said.
Latest government data showed China’s services trade deficit for the January-November period last year stood at $234.8 billion.
(Reporting by Stella Qiu and Beijing Monitoring Desk)
