Business
2022.10.26 19:09 GMT+8

BizBeat Ep. 511: 'New consumption' fuels China's economic growth 


Updated 2022.10.26 19:09 GMT+8
CGTN

The latest statistics released shows that China’s GDP growth is 3.9 percent in the third quarter, much better than the previous quarter. The release also shows China's consumer market has developed greatly and the country is ushering in a new era of consumption. Even as the digital economy changed people's consumption patterns and habits, it also promoted domestic consumption upgrade. This "new consumption" will not only boost the economy in the short term, but will also provide impetus for long-term economic growth. In this episode of BizBeat, CGTN's Aaron Liu explains.

Copyright © 

RELATED STORIES