Expert: consumption will likely continue to drive China’s economic growth

China’s economy, facing notable downward pressures amid a difficult economic overhaul, grew 6.9 percent year on year last year, the slowest annual expansion in a quarter of a century but still enviable by global standards.

According to the government work report, China’s economic growth rate target has been set at 6.5 percent to 7 percent this year.

Regarding China’s growth outlook over the next few years, experts believed it highly depends on how successful China shifts from an investment-driven economy to a more consumption-driven economy.

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