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10 bright spots in China's economy 2016

chinadaily.com.cn | Updated: 2017-03-02 06:49

10 bright spots in China's economy 2016

A citizen selects melon at a supermarket in Shijiazhuang, capital of North China's Hebei province, May 10, 2016.[Photo/Xinhua]

3. Consumption

Consumption has become the top engine of China's economic growth. China 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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