Data released by the World Trade Organization recently show that global trade in services fell by 30% year-on-year in the second quarter of this year, the biggest decline since the 2008-2009 international financial crisis. Statistics show that in the second quarter of this year, the volume of trade in services has decline in all regions of the world. In terms of exports in services, the year-on-year decline was 32% in North America, 29% in Asia and 26% in Europe. In terms of imports, the year-on-year decline was 36% in North America, 32% in Asia and 29% in Europe. In addition, most industries related to trade in services have been hit by the pandemic. Specifically, tourism was the most severely hit, with international tourist spending down more than 80% year on year. Trade in the transportation sector fell by 31%. At the same time, due to factors such as working at home during the epidemic, the computer service sector bucked the trend and grew by 4%, while the financial service sector remained basically stable. Global trade in services shrank more than trade in goods, which fell 21% in the second quarter compared with a year earlier, according to previous WTO data. In April, the WTO predicted that global trade could shrink by between 13% and 32% this year, and its final performance will depend on the duration of the pandemic and the effectiveness of anti-pandemic measures.