Household consumption key to China’s growth

Report says keeping up the momentum is vital

BEIJING: Household consumption will continue to be the mainstay of China’s strong economic growth this year, a recent report said.

According to a report from the Central Asian Regional Economic Cooperation Institute, or Carec Institute, some sectors of the Chinese economy, such as consumption, developed better than the others, and the strong growth momentum will continue to bolster the country’s economic revival.