IP Intensive Services See Strong Export Growth

Source: Economic Daily

Data from the Ministry of Commerce show that China's intellectual property-intensive services registered high growth in exports during the first quarter of 2019. This reflects improved competitiveness in the service industry and high quality of trade in services, an official from the ministry said. During the period, Chinese companies obtained service outsourcing contracts worth 289.22 billion yuan ($42.03 billion), up 4.4 percent year-on-year, and foreign trade in cultural products reached $19.69 billion, up 7 percent.