China recorded a deficit of 55.2 billion CNY (8.97 billion USD) in its foreign trade in services in June, official data showed on Monday.
 

The figure was up from a deficit of 50.9 billion CNY in May, the State Administration of Foreign Exchange (SAFE) said in a statement.

The country's total revenues from trade in services stood at 118 billion CNY last month, while expenditure hit 173.2 billion CNY, according to the statement.

In the first six months, the combined service trade deficit stood at 361.5 billion CNY, the SAFE said.

International trade in services refers to the cross-border sales and delivery of intangible products, including areas such as transport, travel, telecommunications, construction, insurance, finance and IT.

Although China overtook the United States to become the world's largest goods trader for the first time in 2013 and boasted a hefty surplus in trade of goods, a large deficit can be seen in its service trade.

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