Reported about 23 hours ago
China's Vice Finance Minister Liao Min defended the nation's growth strategy during a G20 meeting, asserting that domestic consumption drives economic growth and that China is not attempting to dominate global markets. He highlighted that 56.2% of GDP growth over the past four years came from consumption, promoting a shift towards domestic demand amidst trade tensions. The government is also enhancing support for consumer spending and expanding service sectors to ensure stable economic transformation.
Source: YAHOO