Ballast for long-term growth

Premier Li Keqiang commented on the important role consumption plays in driving China's economic growth at a recent meeting with economic experts and entrepreneurs.

In the context of the country's continuous efforts to advance economic structural adjustments, the growth in per capita income and the government's measures to boost domestic consumption have played a key role in promoting national economic development.

The ever-improving social security, pension and healthcare networks provided by the government have increased people's consumption capabilities and boosted their willingness to buy. That can to some extent explain why in the first three quarters of this year, consumption contributed as much as 64.5 percent to China's economic growth, and services replaced the first and secondary sectors to become the leading engine for the country's economic growth.