On September 7, 2017, the Ministry of Commerce published the work progress in commerce areas in its routine press briefing. It is reported that during the past 7 months, the total service imports and exports amounts to 2.6529 trillion RMB, a year-on-year growth of 10.6%. Among which, the value of exports accounts for 807.72 billion RMB, increasing 4.4% and the value of imports accounts for 1.8452 trillion RMB, increasing 13.5%. The deficit registered 1.0375 trillion RMB. The characteristics presented by the service imports and exports industry include that the export structure has been optimized, the imports of some emerging areas registered a faster growth, traditional imports and exports industries maintain a stable growth and the deficit in service imports and exports industries has been narrowed up remarkably. Of which, the exports of the intellectual property royalty increased on a year-on-year basis of 489.4%.

In the area of emerging industries, during the first 7 months, the emerging industries in China, except the insurance and financial industry, maintain a positive growth. Among which, the imports value of telecommunication, computer and information service industries amounted to 71.79 billion RMB, a year-on-year increase of 74.2% and the imports value of intellectual property royalty registered 112.58 billion RMB, a year-on-year increase of 25.8%.

It is reported that last year, the international payment of intellectual property royalty of China reached 24 billion US Dollar and the international payment IPR royalty for the first half year of China reached 14.3 billion US Dollar, up 23% year-on-year.