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China's services trade deficit contracted in the first eight months of this year, and the share of trade in knowledge-intensive services has continued to increase, demonstrating strong resilience, according to the latest official data.
China, which holds more than .1 trillion of US Treasuries, is America's largest foreign creditor, said a CNBC report.
China's plans to bolster its business environment for both foreign and private investors have also been recognized by the World Bank. In its survey report which was published earlier in November, China was ranked 46th, up from 78th last year, in terms of the ease of doing business. The bank also hailed Shanghai's progress in improving the efficiency of the business environment.
China's service sector continued to expand in May, with the Index of Services Production maintaining rapid growth of 8.1 percent year on year, while business activities expanded faster than April to reach 53.5 percent.
China's per capita GDP has topped ,000, and its middle-income population has exceeded 400 million. This will create more demand for a greater variety of quality products, technologies and services, thus providing a lasting boost to global revival.
来源：资阳报