New industries, business models contribute to Chinese economy

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Beijing

New industries and new forms and models of business played a more significant role in China’s economic growth in 2018, official data showed.
These new growth drivers contributed 16.1 percent to the country’s GDP last year, up 0.3 percentage points from one year earlier, said a statement from National Bureau of Statistics Sunday. T
he new drivers grew 12.2 percent to 14.54 trillion yuan (about 2.11 trillion U.S. dollars) in 2018, 2.5 percentage points higher than GDP growth, statement said.—Xinhua

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