Vibrant consumption fuels China's economic recovery

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Vibrant consumption fuels China's economic recovery

STORY: Vibrant consumption fuels China's economic recovery SHOOTING TIME: FILE DATELINE: Dec. 19, 2023 LENGTH: 00:01:27 LOCATION: NANCHANG, China CATEGORY: ECONOMY SHOTLIST: 1. various of China 2. various of JD logistics 3. various of scenic spots in China STORYLINE: The annual Central Economic Work Conference held earlier this month noted that China's economy has achieved a recovery and made solid progress in high-quality development in 2023. Consumption has become an increasingly important engine of China's economy, which contributed 83.2 percent to the GDP growth in the first three quarters of the year, compared with 77.2 percent in the first half of the year. Encouraging growth in the over two-week-long "Double 11" shopping extravaganza has testified the robust recovery of China's domestic consumer market. A total of 7.51 billion packages were sent during the period, representing a 30.9-percent growth compared with the same period in 2022. Robust consumption has also been reflected in other sectors

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