On October 22, Yang Mu, director of the Department of Market Operation and Consumption Promotion of the Ministry of Commerce, said at the press conference of the State Information Office that since the 18th National Congress of the Party, the average annual contribution rate of final consumption expenditure to China's economic growth has reached 55%, and consumption is truly the first driving force. In 2025, China's total retail sales of social consumer goods will reach 50.1 trillion yuan, 2.4 times that of 2012. Since the 18th National Congress of the Party, the total amount of Social Security Zero has increased by an average of 7.1% per year, and the pace of development has attracted worldwide attention.
Zhitongcaijing · 3d ago
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On October 22, Yang Mu, director of the Department of Market Operation and Consumption Promotion of the Ministry of Commerce, said at the press conference of the State Information Office that since the 18th National Congress of the Party, the average annual contribution rate of final consumption expenditure to China's economic growth has reached 55%, and consumption is truly the first driving force. In 2025, China's total retail sales of social consumer goods will reach 50.1 trillion yuan, 2.4 times that of 2012. Since the 18th National Congress of the Party, the total amount of Social Security Zero has increased by an average of 7.1% per year, and the pace of development has attracted worldwide attention.
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