The head of the Department of Commerce's Department of Trade in Services introduced that from January to October 2024, China's service trade continued to grow rapidly, with a total service import and export volume of 6125.58 billion yuan, a year-on-year increase of 14.6%. Among them, exports were 2544.91 billion yuan, an increase of 16.6%; imports were 3580.67 billion yuan, an increase 13.2%; the service trade deficit was 1035.76 billion yuan. Knowledge-intensive service trade continued to grow. From January to October, knowledge-intensive service import and export volume was 2361.63 billion yuan, an increase of 5.9%. Among them, knowledge-intensive service exports were 1341.73 billion yuan, up by 5.7%, with rapid growth in personal cultural and entertainment services, telecommunications, computer and information services at 38.7% and 8.6% respectively; knowledge-intensive service imports were 1019.9 billion yuan, up by 6.1%, with fast growth in personal cultural and entertainment services, other business services at 34.2% and 11.5% respectively. Travel services grew rapidly. From January to October, travel services continued to maintain a high growth rate, with imports and exports reaching 1670.94 billion yuan, an increase of 41.2%, making it the largest sector in service trade. (Ministry of Commerce)