Sheng Laiyun, Economist at the National Bureau of Statistics (NBS), said recently that in the first eight months of the year, retail sales registered 10.5% growth year-on-year, compared with 10.9% growth in fixed-asset investment (FAI) and a 1.4% drop in exports. 60% of China’s GDP growth in the first half of 2015 came from consumption, compared with 35.7% from fixed-asset investment and only 4.3% from exports. In 2014, consumption’s contribution was 54.3%.