Jan 17, 2022 11:19 AM (GMT+8) · EqualOcean
Ning Jizhe, director of the National Bureau of statistics, said at the press conference that the role of the main body of the domestic big cycle has been strengthened. With the in-depth implementation of the strategy of expanding domestic demand, the driving role of domestic circular economy has been significantly enhanced. In 2021, China's total retail sales of social consumer goods exceeded 40 trillion yuan, an increase of 12.5% over the previous year; The scale of investment in fixed assets exceeded 50 trillion yuan, an increase of 4.9%. The contribution rate of domestic demand to economic growth reached 79.1%, an increase of 4.4 percentage points over the previous year. Economic growth is mainly driven by domestic demand.

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