Domestic consumption takes the driver's seat

Domestic consumption will be the main driver of China's economic growth this year, said a Ministry of Commerce think tank.

It is set to surpass government investment for the first time in a decade, said the Chinese Academy of International Trade and Economic Cooperation on Wednesday.

"The increasingly burgeoning income for Chinese individuals and their growing willingness to spend are major reasons behind the consumption growth," said Zhang Ping, deputy director of the Department of Consumption Economics at the academy and head of the team drafting the report.