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China's consumption expenditure per capita stood at 21,559 yuan in 2019, up by 8.6 percent in nominal terms year-on-year, or 5.5 percent after deducting the price factor. As the main stimulus for economic growth, consumption spending contributed 57.8 percent to GDP growth last year.
China's maturing economy is undergoing important changes that have resulted in a slowdown in GDP and trade growth. Even so, US exports of goods and services to China have grown faster than exports to any other major US trading partner over the past decade, the report said.
China's currency is convertible for trade purposes under the current account, while the capital account, which covers portfolio investment and borrowing, is largely run by the state in an effort to control capital flows in and out of the country.
China's four largest banks - Industrial & Commercial Bank of China Ltd, China Construction Bank Corp, Agricultural Bank of China Ltd and Bank of China Ltd - were nation's most profitable listed companies in 2017, according to a report released by Warton Economic Institute (WEI) on Thursday.
China's emphasis
来源：资阳报