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China's international trade in services dropped by 14.7 percent on a yearly basis to 2.2 trillion yuan (6.27 billion) in the first half of the year due to the COVID-19 pandemic and weak overseas demand. Despite the decline, the country's services exports outperformed imports, with the deficit narrowing by 46.1 percent from the same period of last year to 401.7 billion yuan.
China's financial flows to Africa are 15 percent larger than official figures suggest when nontraditional flows are included, according to the report.
China's foreign exchange reserves expanded to .11 trillion at the end of June, up 0.3 percent from the end of May, according to the State Administration of Foreign Exchange.
China's economy expanded 6.9 percent in the first half of the year, well above the government's yearly target of 6.5 percent. The economy grew 6.7 percent in 2016.
China's cloud computing market is still a blue ocean, full of opportunities everywhere, said Alex Yung, corporate vice-president and managing director of Amazon Web Service (AWS) Greater China.
