China's economic growth in 2016 is expected to be around 6.7 per cent, Xu Shaoshi, director of the National Development and Reform Commission (NDRC), says.
Consumption accounted for 71 per cent of China's GDP growth in the first three quarters of 2016, Xu told a media briefing in Beijing.
China's government had targeted 6.5-7 per cent economic growth in 2016.
Activity was boosted by higher government spending, a housing rally and record high levels of bank lending, which, however, also led to an explosive increase in debt.
Earlier China's producer prices surged the most in more than five-year highs in December as prices of coal and other raw materials soared.
The pick-up in prices reinforces views that the world's second-largest economy continues to show signs of stabilisation, underpinned by stronger factory activity and domestic demand which is being fueled by a lending and building boom.
The producer price index (PPI) jumped 5.5 per cent in December from a year earlier, the most since September 2011, compared with a 3.3 per cent increase in November, the National Statistics Bureau said on Tuesday.
Analysts had expected a 4.5 per cent gain, a Reuters poll showed.
Raw materials and mining continued to show the fastest gains.
The statistics bureau said volatility in exchange rates was one reason for the increase in producer prices, as commodity imports became more expensive.
Consumer inflation rose 2.1 per cent on-year, missing expectations, as food prices rose at a more modest pace.
