On March 6, the second session of the 14th National People's Congress held a press conference in Beijing. Five heads of economic departments took the stage together to explain China's development confidence.
The confidence lies in firmly holding the bottom line of risk, Finance Minister Lan Fo'an said. Minister of Commerce Wang Wentao cited a set of data to confirm the steady recovery of China's consumer market. Last year, consumption contributed 82.5% to China's economic growth. Total retail sales of consumer goods reached 47.1 trillion yuan, a year-on-year increase of 7.2%.