Domestic demand boosts economy

Domestic demand is playing an increasingly important role in boosting China's economic growth, as the country continuously pushes forward its supply-side structural reform and innovation-driven development strategy, the National Bureau of Statistics said on Tuesday.

With the vitality and momentum of domestic demand further released, China's economic growth will be maintained within a reasonable range and the economy will also witness higher-quality growth, it said.

Figures from the bureau revealed that domestic demand's average contribution to economic growth reached 105.7 percent between 2008 and 2017. The contribution from domestic demand reached a record 142.6 percent in 2009, when the global financial crisis hit the hardest, and the lowest contribution was 90.9 percent in 2017, when the global economy stabilized.