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Chinese GDP will grow 9.5% this year

January 25, 2010 - 4:05pm | Analytics | News
Chinese GDP will grow 9.5% this year

According to Zhang Liqun, a Chinese economist at the Development Research Center, China's gross domestic product growth will likely increase by 9.5% in 2010 which will be mostly helped by strong domestic consumption and corporate investment.

"I expect domestic consumption to grow at a fairly fast pace this year on the back of consistent policies to boost car and owner-occupied home sales," Zhang was quoted as saying by the official China Securities Journal.

Last year Chinese GDP increased by 8.7%.
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China | consumer price | corporate cost | domestic consumption | fixed-asset investment | GDP
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China’s retail sales overtake domestic consumption

May 26, 2009 - 7:19am | Figures | News
China’s retail sales overtake domestic consumption

As the China’s State Information Centre (SIC) stated on Tuesday, as Monthly retail sales amount overtook volume of China's domestic consumption, Beijing should do more to hearten consumer spending. 

China’s anticipation on domestic consumption excludes consumer spending on services and housing, which has fallen more sharply than spending in other sectors.
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Beijing | China | domestic consumption | government | rural consumer | SIC | urban consumer
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