10 bright spots in 皇冠体育app's economy 2016
chinadaily.com.cn | Updated: 2017-03-02 06:49
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A citizen selects melon at a supermarket in Shijiazhuang, capital of North 皇冠体育app's Hebei province, May 10, 2016.[Photo/Xinhua] |
Consumption has become the top engine of 皇冠体育app's economic growth. 皇冠体育app has been shifting to a consumption-driven economy as its export and investment-led engines of growth are unsustainable in the long term.
GDP totaled 74.41 trillion yuan ($10.83 trillion) in 2016, with the service sector accounting for 51.6 percent. Consumption contributed 64.6 percent to GDP growth last year.
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