National Bureau of Statistics: Domestic Demand Contributed Over 70% to Economic Growth in First Three Quarters

On October 19, Mao Shengyong, spokesperson and deputy director-general of the National Bureau of Statistics, stated at a press conference organized by the State Council Information Office that China's economic structure continued to optimize in the first three quarters. Domestic demand played a leading role in driving growth, contributing over 70% to the economy. Among these, final consumption expenditure contributed nearly half. The share of manufacturing value added in the economy increased by 0.6 percentage points compared with the same period last year. Productive services have accelerated their development, continuously strengthening their support for the transformation and upgrading of manufacturing.