China to boost services exports to $1 trln

China has set a target of reaching $1 trillion worth of trade in services by the year 2020, according to a newly released economic planning policy paper that emphasized a shift away from the export of goods.

The State Council, China's cabinet, said in a document released on Saturday that it would provide total policy support to raise the export value of services relative to goods.

The document represented the first instance of China's government outlining an effort to boost services exports as a national strategy, according to a State television report on Saturday.