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"Consumption growth will likely pick up on the back of rising disposable income growth, especially that of lower-income households that have higher consumption propensity," Liang said.
"Consumers have become more conservative spenders," said Xu Ruyi, head of research for Mintel China, which tracks spending across the country's 15 major consumer markets and releases the report annually.
"Consumption is expected to contribute over 80 percent of GDP growth in 2019," said Guo Xiaobei, a researcher with China Minsheng Bank. The proportion was 76.2 percent in 2018.
"Compared with many startups, we have respect for traditional brands; and compared with traditional brands, we have respect for startups, especially with their internet-based mentality, which focuses on customers," Niu said.
"China's stance on trade war has been consistent and clear. We do not want, but is not afraid of a trade war.
来源：资阳报