Sheng Laiyun, Deputy Director of the National Bureau of Statistics: China's economy is taking shape in a new pattern driven by domestic demand and innovation

On April 16, Sheng Laiyun, deputy director of the National Bureau of Statistics, said at the press conference of the State Information Office that the Chinese economy is currently forming a new pattern driven by domestic demand and innovation. Over the past five years, domestic demand contributed more than 80% on average to economic growth. In 2024, the value added of the “three new” industries will account for more than 18% of GDP. The value added of the core industry of digital products also accounted for about 10% of GDP. All of this is beneficial to enhancing the coordination and stability of the Chinese economy.