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"Consumption remains the main driver of growth, contributing 60.1 percent of China's economic growth in the first half," said Tang Jianwei, chief researcher at the Financial Research Center of the Bank of Communications. "The key is to use measures to strengthen the weak links and improve people's incomes. There's certainly a lot of room for growth in consumption."
"China's industrial internet sector is entering the fast lane. A slew of new breakthroughs, new models and new applications have emerged," Sui Jing, deputy head of information and telecommunications at the Ministry of Industry and Information Technology, said at the 2020 World Industrial Internet Conference which opened on Sunday in Qingdao, Shandong province.
"China's e-commerce sector has posted remarkable achievements as it drives global development," said Jennifer Ye, PwC China consumer markets leader. "Chinese internet giants are leveraging their own capital and technological advantages to create retail ecosystems, while consolidating offline spaces and upstream and downstream industries to maximize their competitive edges."
"China's accession into the WTO has been absolutely decisive," Chambovey told reporters at the WTO session on China's trade policy. He said the 2001 move has not only accelerated China's economic and social development but its expanding global trade also has benefited the rest of the world.
"Consumption drives economic growth by leading investment. Economic growth can only be stimulated if consumption can be expanded to boost industrial production," said Wang Tongsan, an economist with the Chinese Academy of Social Sciences, a government think tank.
来源：资阳报