Consumption key to sound growth this year

Chinese financial markets are seen making more positive news headlines of late, reflecting improving confidence in the sector and economic recovery. Foreign investors have also shown stronger sentiment toward China's economy, as evidenced by the continuous inflow of money through the stock connect programs.

We are also optimistic about China's GDP performance this year. A growth target of 5 percent, as we see, is achievable, if sought with good efforts and skill. With the external demand's driving force expected to weaken this year due to many global uncertainties, exports may experience a process of downward adjustment. Domestic demand, which has been highlighted by many key meetings, will undoubtedly be a major growth driver for China this year.

What we think about most in terms of this issue, which is also a hot topic among economic experts at present, is whether investment or consumption is the better driver for China to boost domestic demand this year.