Ways to boost consumption
By Xiong Ruoyu | China Daily | Updated: 2013-08-22 07:41
From building affordable houses to encouraging private funds in services, there are plenty of measures to expand demand
In the first half of this year, China's economic growth rate was 7.6 percent, with the main indexes all within the expected normal range. However, whether the economy can maintain stable growth for the rest of the year is uncertain.
The quandary is evident: there is surplus production, while the service sector cannot meet demand. To resolve this and prevent possible risks, it is necessary to expand domestic demand and adjust the economic structure to ensure stable development.
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