Adjusted economic focus is paying off
By Li Woke | China Daily | Updated: 2011-03-01 07:29
BEIJING - Domestic demand was a key driver of last year's economic growth, which was a good sign for China's adjusted economic structure, data from the National Bureau of Statistics (NBS) indicated Monday.
Domestic demand accounted for 92.1 percent of the country's GDP growth last year, and net exports contributed 7.9 percent, the NBS said in the 2010 Statistics Report released on Monday.
Last year, China's GDP growth reached 10.3 percent - the government's target was 8 percent - 9.5 percent from domestic demand and 0.8 percent from net exports, the report said.
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