AI Data Insight
In the first quarter of 2026, China's services trade deficit reached 413.62 billion RMB, significantly widening from the previous quarter's 343.45 billion. Although the goods trade surplus repeatedly hit new highs, the recovery of outbound tourism and the increase in overseas patent licensing fees caused the services account deficit to continue expanding, reflecting a macroeconomic structure where funds flow outward through services and primary income amid weak domestic demand.