Final consumption accounts for 54.3% of China's 2020 GDP

BEIJING: Final consumption accounted for 54.3% of China's 2020 gross domestic product (GDP), the statistics bureau chief Ning Jizhe said on Monday, while capital formation accounted for 43.1%.

There is still big room for consumption to play the fundamental driving force for growth, Ning told reporters at a press conference, adding that it is also important to leverage the role of investment.