Ningji responded to the downgrade of consumption: consumption contributed 78percent to economic growth last year.

category:Global
 Ningji responded to the downgrade of consumption: consumption contributed 78percent to economic growth last year.


Ningji Zhe: Consumption has become the first driving force of growth for six consecutive years (source:)

On the morning of March 6, the first press conference of the Second Session of the 13th National Peoples Congress was held in the Median Center. He Lifeng, Director of the National Development and Reform Commission, Ning Jizhe and Lian Weiliang, deputy directors, were invited to attend and answer questions.

The present media once again raised the issue of consumption degradation. Ningjizhao responded that consumption contributed 78% to Chinas economic growth last year, and became the first driving force of economic growth for six consecutive years. Although the growth rate of the total retail sales of social goods has slowed down somewhat, the increase is still considerable. At the same time, the service consumption expenditure accounts for 50%, and the consumption structure has been upgraded. There has been no change in the basic aspects of the sustained expansion of consumption in China. It is the general trend that the transformation and upgrading of consumption will lead to the transformation and upgrading of investment and even the transformation and upgrading of economic structure. Source: Beijing Headline Responsible Editor: Xun Jianguo_NN7379

The present media once again raised the issue of consumption degradation. Ningjizhao responded that consumption contributed 78% to Chinas economic growth last year, and became the first driving force of economic growth for six consecutive years. Although the growth rate of the total retail sales of social goods has slowed down somewhat, the increase is still considerable. At the same time, the service consumption expenditure accounts for 50%, and the consumption structure has been upgraded. There has been no change in the basic aspects of the sustained expansion of consumption in China. It is the general trend that the transformation and upgrading of consumption will lead to the transformation and upgrading of investment and even the transformation and upgrading of economic structure.