China’s Aug goods and services trade surplus hits 640.7B yuan

The composition matters more than the headline surplus: travel and transport still dominate China's services trade, while telecom, computer and information services remain a smaller slice. That mix suggests the surplus is still anchored in goods and traditional services rather than higher-value digital exports, which is where the marginal growth story sits. Whether the information-services category keeps expanding relative to travel and transport is the line worth tracking.