Head of the National Development and Reform Commission (NDRC) He Lifeng (C), deputy heads of the NDRC Zhang Yong (2nd R) and Ning Jizhe (2nd L) take questions during a press conference on innovation and improvement of macro-economic control and promotion of high quality development for the first session of the 13th National People's Congress in Beijing, capital of China, March 6, 2018. (Xinhua/Li Xin)
China's economic planner on Tuesday expressed confidence in achieving the 6.5 percent annual growth target as domestic consumption is expected to become a larger force driving economic development.[Special coverage]
With further development in emerging industries and the modern service sector, consumption is likely to contribute around 60 percent to economic growth in 2018, said He Lifeng, head of the National Development and Reform Commission.
Investment will contribute one third to this year's growth as China will also push forward investment, especially on the real economy, He told a press conference on the sidelines of the ongoing annual session of the 13th National People's Congress, China's top legislature.
For foreign trade, He said it will grow steadily and drive 8 to 9 percent of growth as long as the world economy keeps a stable growth.