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Biz: Economists say consumption is key to growth

Consumption is the major economic driver, showing the nation's success in rebalancing the economy, but economists say more efforts are needed to sustain growth. Consumption contributed 71 percent of growth in the first three quarters of this year. Retail sales of consumer goods grew by 10.4 percent year-on-year in the first three quarters, slightly higher than the 10.3 percent growth in the first half.