Key growth role for new economy

New economy sectors are set to be a strong anchor of China's growth, as the expansion momentum of these sectors dictated by technological advances and changes in lifestyle is unlikely to be impeded by external uncertainties, analysts said on Monday.

They commented after the National Bureau of Statistics released figures on Sunday showing that the output of new industries and new forms and models of business grew by 12.2 percent year-on-year in nominal terms last year, 2.5 percentage points higher than nominal GDP growth.

These new economy sectors fostered by technological applications and advances - such as advanced manufacturing, new energy, internet plus and high-tech services - contributed 16.1 percent to China's GDP last year, up from 15.8 percent in 2017, according to the NBS.