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Chinese President Xi Jinping (2nd R), also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, watches an exhibition on Hainan's progress over the past three decades at the Hainan Museum in Haikou, south China's Hainan Province, April 13, 2018. Xi made an inspection tour in Hainan from Wednesday to Friday. [Photo/Xinhua]

China's service trade posted a deficit of 7.3 billion, up from .6 billion three months earlier. The spending on trips, transport, and intellectual property rights contributed to the bulk of the deficit.

China's services sector saw the strongest expansion in a decade last month as the resumption of business activity accelerates and the country's economy continues to recover, a private survey showed on Friday.

China-US economic and trade relations created 2.6 million jobs for the United States in 2015 and saved 0 for each US family on average during the same period, he said.

China's rapid improvement in easing business procedures has been lauded in a separate report from global professional services provider TMF Group. It said China is one of the most appealing investment destinations for foreign investors despite the ongoing novel coronavirus epidemic and mounting downside pressure.