Final consumption accounted for 84.7 percent of growth in gross
domestic product (GDP) in January-April, the article said
without citing the source of the data.
Investment contributed 35.8 percent of growth, while net exports
were a drag on growth at -20.5 percent.
The article said consumption's first quarter contribution was 22
percentage points higher than that for the year-ago period,
indicating a significant increase in consumption's role in
driving China's economy.
The National Bureau of Statistics (NBS) republished the People's
Daily article on its website, indicating the data is likely from
Consumption contributed 66.4 percent to GDP growth for all of
First-quarter data is often higher than the full-year breakdown
as trade and investment slow down due to the long Lunar New Year
holidays early each year, while consumer spending and services
The composition of China's GDP growth is closely watched by
analysts looking for evidence of economic restructuring, but its
release has been unreliable of late.
The breakdown was not released with first-quarter GDP in April,
and first-quarter 2015 growth contribution data was not
China's economic slowdown in recent years has caused jitters in
world markets at a time when the government wants to reduce a
reliance on traditional growth drivers such as industry,
investment and exports and boost the contribution from services
(Reporting by Elias Glenn and Beijing monitoring desk; Editing
by Kim Coghill)
[© 2016 Thomson Reuters. All rights
Copyright 2016 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.