Top Biz News

China's domestic demand will continue to grow: SIC

(Xinhua)
Updated: 2009-12-22 13:35
Large Medium Small

China's domestic demand will continue to grow next year, with fixed asset investment up 25 percent from a year earlier and retail sales up 18.5 percent, the State Information Center (SIC) forecast in a report issued Tuesday.

Related readings:
China's domestic demand will continue to grow: SIC Hu: China expands domestic demand to counter crisis
China's domestic demand will continue to grow: SIC China's economy gains on domestic demand: economist
China's domestic demand will continue to grow: SIC Domestic demand can sustain Asian growth
China's domestic demand will continue to grow: SIC Wen: Domestic demand stressed to drive growth

However, domestic consumption may not grow as quickly as this year considering the inflationary expectations, the SIC stated.

China's urban fixed-asset investment rose 32.1 percent year-on-year in the first 11 months to 16.86 trillion yuan ($2.47 trillion), while China's retail sales rose 15.8 percent year-on-year to 1.13 trillion yuan in November, according to data released earlier this month by the National Bureau of Statistics.
Specials
Column
China Daily E-paper