欧美日韩性大香蕉|精品无码成人视频|永久久久久久久久|日韩加勒比偷拍网|婷婷伊人久久蜜桃|亚洲理论中文字幕|中文无码黄色Av|三级一区二区三区|超碰在线精品专区|国语对白一级A片

Business / Economy

China's booming consumption is a boon for global growth

(Xinhua) Updated: 2014-02-27 14:17

BEIJING - Recently released official data showed that the tertiary sector made up 46.1 percent of China's GDP in 2013, outperforming the secondary sector for the first time.

China's booming consumption is a boon for global growth

China's booming consumption is a boon for global growth

The historic shift results from the Chinese government's active efforts in economic restructuring, and heralds further upgrading of China's consumption structure.

The change tags along with the rapid rise of Chinese consumer spending. The retail sales of consumer goods last year totaled 23.438 trillion yuan ($3.8 trillion), registering a year-on-year expansion of 13.1 percent and accounting for 50 percent of China's economic growth.

Although the 13.1-percent growth of consumption marked a slight slowdown, the pace remained blistering. Its contribution, albeit down 1.8 percentage points from the previous year, still indicated a robust engine of growth.

The rise of China as a consumer economy is inevitable. Official projections show that China's consumption will reach 30 trillion yuan ($4.9 trillion) in 2015 and 50 trillion ($8.2 trillion) in 2020.

The trend fits the Asian giant itself. Given such challenges as the volatile international economic situation, boosting domestic consumption is key to achieving and sustaining a healthy development of the Chinese economy.

 

China's booming consumption is a boon for global growth
China's booming consumption is a boon for global growth

Top 10 brands that win rich women's hearts

Top highlights from Mobile World Congress 2014 

China's booming consumption is a boon for global growth

Chinese bullish on global shopping

China's booming consumption is a boon for global growth

Chinese rushing for overseas properties 

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...