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China's total trade in services amounted to 2.62 trillion yuan (2.4 billion) from January to July, down 15.2 percent year-on-year.
China's telecom sector continued steady expansion last year, according to data from the Ministry of Industry and Information Technology. The sector's revenue rose 3 percent year-on-year in 2018, with income from mobile data and Internet services, backed by the rapidly-expanding 4G network, up 10.2 percent.
China's pharmaceutical demand has been booming in recent years due to the rapidly aging society with burgeoning purchasing power. It has become the world's second-largest market for pharmaceuticals, and the biggest emerging market with growth tipped to reach 5 billion to 5 billion by 2022, according to healthcare information company IQVIA.
China's spectacular growth used to be built on cheap manufacturing, low-end exports and smokestack industries. Now, with a wealthier domestic consumer base as well as technological progress, it is reconfiguring the economy for more consumption, more innovation and less pollution.
China's smartphone vendors OPPO and Vivo ranked fourth and fifth, respectively, on the list released by Gartner, indicating a 2.7 percent decline in global smartphone sales in the first quarter of this year.
来源：资阳报