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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).
Chinese President Xi Jinping has stressed the need to end poverty in old revolutionary base areas and improve local people's standard of living. Xi said a well-off society is incomplete if people in old revolutionary base areas cannot shake off poverty.
Chinese President Xi Jinping chairs the Extraordinary China-Africa Summit on Solidarity against COVID-19 and delivers a keynote speech at the summit in Beijing, capital of China, June 17, 2020. [Photo/Xinhua]
Chinese Foreign Ministry spokesman Lu Kang also made a response Wednesday, saying the US tariff proposals are "typical unilateralist and protectionist action."
China, especially in the digital sphere, is moving to two credible "ecosystems"－Alibaba and Tencent－which are both trying to provide as wide a range of services as possible to customers, said Richard McKenzie, partner at global consultancy Oliver Wyman.
