国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

Consumption to remain top engine of China's economic growth

Xinhua | Updated: 2017-01-19 13:36

BEIJING - Domestic consumption will continue to play a leading role in boosting China's economic growth this year, according to a recent report.

Retail sales of consumer goods, a key indicator of consumption, are expected to jump by 10.2 percent year-on-year to exceed 37 trillion yuan ($5.4 trillion) in 2017, contributing more than 70 percent of the country's economic growth, according to a report issued by the China General Chamber of Commerce.

The report said that online sales would expand at a slower pace this year, while consumer services would grow steadily.

China has been shifting to a consumption-driven economy as its export and investment-led engines of growth are unsustainable in the long term.

China used to rely heavily on exports for its economic growth. However, the model proved undesirable, especially during financial crises when global demand is slack.

The investment-led model that propelled the country's development has also reached its limits. Many problems, including high debt levels, industrial overcapacity and environmental degradation, mean China must move to a more sustainable path.

As old growth drivers slow, consumption has risen to take up the slack. Consumption contributed 66.4 percent to gross domestic product in 2015, up 15.4 percentage points from 2014.

China is set to announce Friday key economic indicators for 2016, including whole-year retail sales.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
榆社县| 明溪县| 长葛市| 杭锦后旗| 南郑县| 云和县| 东至县| 永春县| 勃利县| 高邑县| 苗栗县| 汤原县| 正镶白旗| 灯塔市| 彩票| 石渠县| 峡江县| 徐水县| 年辖:市辖区| 娱乐| 昭平县| 海门市| 福泉市| 霍山县| 隆子县| 闽侯县| 环江| 增城市| 海城市| 永川市| 平泉县| 会同县| 出国| 西平县| 图木舒克市| 江油市| 呼伦贝尔市| 桂林市| 东乌| 铜山县| 佛冈县|