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Business & Finance

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

  • There is still big room for consumption to play the fundamental driving force for growth.
18 Jan 2021

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.

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