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China consumption: how important is it to the world’s No 2 economy?

Summary:
[unable to retrieve full-text content]How important is consumption to the Chinese economy?Consumption, which measures the final purchase of goods and services by households, accounts for more than half of China’s gross domestic product (GDP) and its share continues to increase. In the first three quarters of this year, consumer spending contributed 64.8 per cent of GDP, the biggest driver of growth for the Chinese economy.Consumption was at its peak in 2000, when its annual share of China’s GDP was 63.9 per cent. But that figure…

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[unable to retrieve full-text content]
How important is consumption to the Chinese economy?Consumption, which measures the final purchase of goods and services by households, accounts for more than half of China’s gross domestic product (GDP) and its share continues to increase. In the first three quarters of this year, consumer spending contributed 64.8 per cent of GDP, the biggest driver of growth for the Chinese economy.Consumption was at its peak in 2000, when its annual share of China’s GDP was 63.9 per cent. But that figure…
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