Is the economy at last turning? The Chinese government's policies to rebalance the economy seem to be bearing some fruit at last.
 

The latest economic data published by the National Bureau of Statistics on July 16 suggest China is moving to a more service-based economy that is less reliant on exporting cheap manufactured goods.
 

On the expenditure side of national income, consumption also continued to play a stronger role, contributing the largest share of GDP growth.
 

Achieving such shifts was the central aim of both the current 12th Five-Year Plan (2011-15) and last year's Third Plenum meeting-setting the economic course for the next 10 years.

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