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The rapid recovery of household consumption and the high growth of infrastructure investment in the first quarter are the main driving forces for the economic recovery in the first quarter, Feng said, adding that resilient manufacturing investment and the diminishing drag effect of real estate inves
China is likely to place more emphasis on economic growth in its development agenda for the next year and beyond; the country is also expected to introduce a fresh macroeconomic policy mix to revive business and boost consumption in the upcoming months, economists said on Wednesday. They shared thei
Economic growth in China is expected to moderate to 3.3 per cent this year, amid restrictions related to the COVID-19 pandemic and tepid consumer demand, according to a new report by the Asian Development Bank (ADB).China’s economy is forecast to grow 4.5 per cent in 2023, according to the recently
As consumption continued to be the main engine of China's economic growth, the country is stepping up efforts to create a favorable environment to further unleash consumption potential.Consumption contributed 60.5 percent of China's economic growth in the January-September period, with service consu
