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Consumption gets a big boost from changing consumer preferences

Consumer confidence climbs

Courts in Beijing, Tianjin and Hebei should deepen the integration of judicial cooperation, so as to push forward all-round reform and opening-up in the region, said Zhou Qiang, president of the Supreme People's Court, at a Beijing-Tianjin-Hebei judicial forum.

Consumption in the form of gold bars fell 17.29 percent year-on-year to 110.51 tons during the first half this year, while consumption in the gold coins segment dropped 29.27 percent year-on-year to 2.9 tons. And gold for industrial purposes fell 0.6 percent year-on-year to 51.36 tons, it said, adding that the softening demand for gold in China is partly due to the increasing gold prices.

Consumption has contributed 78 percent of the country's economic growth in the first three quarters of the year, and a 400 million-strong middle-income group of consumers are demanding more imported high-quality goods and services, the report showed.