综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Domestic consumption

Domestic consumption takes driver's seat

By Ding Qingfen in Beijingand Diao Ying in London (China Daily) Updated: 2012-03-22 08:13

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.

The 2012 China Consumption Market Development report suggested that the Chinese government should maintain policies to continue expanding domestic consumption.

That includes lowering taxes on consumer and luxury goods, deepening income distribution reform, and continuing tax rebate policies.

Government investment has long held a leading role in stimulating the nation's economy, along with domestic consumption and exports.

However, the outlook for government investment this year is not positive, Zhang said.

Economic crises in other countries have also battered exports.

In 2012, China's domestic consumption will grow by 15 percent, the report predicted.

Such rising domestic demand will create opportunities for China's trading partners, according to Stephen Green, minister of state for trade and investment of the United Kingdom.

"In China, everyone recognizes that the growth in the past years has been led too much by exports and investments, not enough by consumption and domestic demand," the UK trade minister said.

More domestic demand will lead to more balanced trade, and UK exporters will have more chances to sell to China as Chinese middle-class consumers want the same branded goods as everywhere else, from motorcars to Burberry and scotch whisky, said Green.

The Chinese economy is expected to grow by 7.5 percent this year.

Consumption key

Urban residents will remain the major consumer group in China, despite the faster growth of per capita incomes for rural residents, said the report.

Consumption of furniture, construction and house decorating materials will grow nearly 30 percent in 2012 as a large number of affordable houses come into operation, it said.

Vice-Premier Li Keqiang said last weekend that expanding domestic consumption is a strategic point for economic development, especially this year, as there is slack in international markets.

Due to the European debt crisis, China's exports were grim during the first two months of this year, and February also saw the largest trade deficit in the past two decades.

Contact the writers at dingqingfen@chinadaily.com.cn and diaoying@chinadaily.com.cn

Hot Topics

Editor's Picks
...
固阳县| 长海县| 剑川县| 平江县| 瓦房店市| 榕江县| 额济纳旗| 孝感市| 深圳市| 德保县| 四会市| 舞阳县| 抚州市| 公主岭市| 安康市| 曲阳县| 巴林左旗| 牙克石市| 曲靖市| 察隅县| 巫山县| 奎屯市| 西贡区| 新宁县| 同仁县| 中山市| 昌乐县| 和平县| 汽车| 城口县| 盐边县| 龙里县| 贵南县| 达尔| 宝坻区| 东宁县| 榆林市| 武威市| 新密市| 河北区| 博爱县|