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Double drivers for economy

By Zhang Monan | China Daily | Updated: 2012-12-12 08:31

To maintain competitive advantage, as well as boosting domestic demand, manufacturing must be upgraded

China is realizing a transformation from an external demand-driven economy to a domestic demand-driven, especially consumption-driven, economy to maintain its sustainable development, and the ever-increasing domestic consumption will be an important driving force for the country's economic growth.

However, consumption alone will not be enough to sustain China's development and retain its threatened competitiveness. International experience shows that an economy founded on consumption alone will be unable to maintain sustainable development. So China should maintain a strong manufacturing industry to bolster its consumption.

Double drivers for economy

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