China Services Trade Up 8.3% in Jan-Jul 2026

The sharp divergence between services exports and imports points to a structural shift in China's external demand, with the surplus in services trade narrowing the deficit significantly. For RWA markets, this signals a strengthening in the country's cross-border transaction capacity, which could underpin future tokenized trade finance or service-backed asset flows. The key watchpoint is whether export momentum persists, as sustained growth would bolster the case for China's services sector as a stable source of foreign exchange and a foundation for broader digital asset integration. However, import growth lagging suggests domestic consumption remains subdued, which could temper the pace of any RWA adoption tied to internal demand.