China's service trade registered rapid growth in the first three quarters of 2024, with a steep increase in the trade of travel-related services, according to official data released on Tuesday.
The country's service trade totaled nearly 5.52 trillion yuan (around 776 billion U.S. dollars) from January to September, up 14.5 percent year on year, according to the Ministry of Commerce.
Services exports came in at 2.27 trillion yuan in the January-September period, rising 15.3 percent from the same period last year, and services imports went up 14 percent year on year to 3.24 trillion yuan, resulting in a deficit of some 971 billion yuan.
Trade in knowledge-intensive services rose 5.3 percent year on year to 2.13 trillion yuan, the data revealed.
Travel services saw a stellar performance in the first nine months, as imports and exports of travel services totaled 1.5 trillion yuan from January to September, a remarkable increase of 42.8 percent year on year.
China's service trade grows in Q1-3
China's Air Force is set to debut new equipment and stage aerial performances at the 15th China International Aviation and Aerospace Exhibition, also known as Airshow China, as announced on Tuesday at a press conference in Beijing.
The exhibition is scheduled to be held from Nov 12 to 17 in the port city of Zhuhai in south China's Guangdong Province, attracting 1,022 companies from 47 countries and regions. Russia, France, the United States, Saudi Arabia and Italy will participate in the biennial aerospace trade show in groups.
The Air Force will showcase 36 types of military equipment through both aerial and static displays, demonstrating its latest advancements. The new equipment includes the J-35A medium-sized stealth fighter, the HQ-19 surface-to-air missile weapon system and a new attack reconnaissance unmanned aerial vehicle will make their debut at the air show. The cargo hold of Y-20 aircraft will also be open to the public.
The Bayi and Hongying (Red Eagle) Aerobatic Teams, along with 26 other aircraft from seven models, including the J-20, J-16 and the YY-20A for refueling, will perform at the airshow.
The event coincides with the commemoration of the 75th anniversary of the founding of the Chinese Air Force, which falls on Nov 11.
"From Nov 10 to 12, activities including the International Military Flight Training Conference and a seminar themed unmanned, intelligent systems will be held in Zhuhai, with Air Force leaders and representatives from over 30 countries attending. These events aim to foster mutual trust, joint consultation and shared benefits, expanding the circle of friends of China's Air Force through open exchanges. The Air Force's Bayi and Hongying (Red Eagle) Aerobatic Teams will celebrate the 75th anniversary of the founding of the Chinese People's Air Force with a special aerial performance as part of their adaptive flight training for the air show on Nov 11. The Air Force will conduct aerial and static displays from Nov 12 to 17 at the air show venue, with the pavilion featuring four dedicated areas for pilot recruitment, academic admissions, air traffic control and equipment maintenance," said Xie Peng, spokesman with the Air Force.
As an export-oriented international event, the Airshow China offers a rare venue to observe China's military aircraft up close, especially the newest models.
China air force to showcase new equipment at Airshow China
China air force to showcase new equipment at Airshow China
