Xin Lang Cai Jing·2025-11-04 05:42Core Insights - The International Financial Leaders Investment Summit was held on November 4, 2025, highlighting the importance of domestic consumption in China's economic growth [1] - Zhang Hui, Vice Chairman and President of the Bank of China, stated that domestic final consumption expenditure contributed 53.5% to economic growth in the first three quarters, driving GDP growth by 2.8 percentage points [1] - The Bank of China's research institute predicts that this contribution could rise to 60% in the future, indicating a significant role of consumption in the economy [1] - Zhang emphasized that China's consumption has a solid foundation, and with the growth of residents' income, the consumption potential will gradually expand, particularly in the service sector [1]