Consumption was a significant growth driver in China last year. In 2023, the total domestic retail sales of consumer goods reached 47.15 trillion yuan ($6.57 trillion), up 7.2 percent on the previous year. Final consumption contributed 82.5 percent to the country’s GDP growth. The three-day ...
The industrial sector's contribution, which dominates the GDRP, on the one hand increases economic development and on the other hand decreases environmental quality. Most of it is generated from the industrial sector's contribution, which harms environmental quality such as water pollution, air pollut...