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China's service trade deficit has narrowed significantly, according to Gao Feng, the ministry's spokesman. In July, the figure decreased 30 percent month-on-month and 1.8 percent year-on-year to 141.5 billion yuan (.8 billion).
China's trade with the European Union rose 8.7 percent to 4.1 trillion yuan, accounting for 14.7 percent of China's total trade volume. Trade with the United States increased 7.2 percent to 3.83 trillion yuan, or 13.7 percent of the total.
Chinese President Xi Jinping (L) welcomes visiting Sri Lankan President Maithripala Sirisena in Beijing on March 26, 2015. [Photo/Xinhua]
China's resumption of production will help anchor regional production and confidence, the director said. The region's electronics and semiconductor industries－spurred by 5G and artificial intelligence development, petroleum and chemicals from energy consumption－and textile and garment sectors will benefit from the resumption of manufacturing in China.
China's technology companies Huawei, iFlytek, Watrix AI and Alibaba won Super AI Leader awards at the opening ceremony of the World Artificial Intelligence Conference in Shanghai on Aug 29.
