Traditional trade figures understate importance of services

In a landmark report released on the day before Christmas Eve last year, the mainland revised down its 2012 exports from US$2.2 trillion to US$1.4 trillion. Expressed as a share of gross domestic product, that is a drop from 27 per cent to 17 per cent.

via South China Morning Post - Business feed http://ift.tt/1BF6xEg