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China's consumer trend index (CTI), released by Nielsen, a global measurement and data analytics company, increased further in the first quarter of this year as the economy continued to stabilize, a new report said on Friday.
China's economy is currently transitioning from a phase of rapid development to a new stage of high-quality development, with a focus on innovation-driven economic growth and upgrade of the economic structure. The government has initiated a series of policies on digital transformation to catch up with advanced economies and inject new impetus into the economy.
China's economy, once heavily reliant on fixed-asset investment and exports, is increasingly fueled by services and consumption. Official data showed that consumption contributed 58.8 percent of GDP, and the service sector accounted for 51.6 percent.
China's foreign trade rose 5.1 percent on a yearly basis in June, with exports up 4.3 percent and imports growing 6.2 percent, according to data released on Tuesday by the General Administration of Customs.
China's first photovoltaic road, in Jinan, Shandong province, opened to traffic in December. [Photo/Xinhua]
来源：资阳报