Stimulating Consumption

China's domestic demand will continue to grow: SIC

(Xinhua)
Updated: 2009-12-22 13:35
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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.

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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.
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