男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文
Business / Macro

Consumption growth called key

By WANG YANFEI (China Daily) Updated: 2016-10-20 08:09

Consumption growth called key

Tourists select cosmetics at Sanya Haitang Bay International Shopping Mall.[Photo by Huang Yiming/China Daily]

Consumption is the major economic driver, showing the nation's success in rebalancing the economy, but more efforts are needed to sustain growth, with heightened pressure in sectors with overcapacity, economists said.

"China is on the right path of economic rebalancing as consumption contributes a high proportion to economic growth, with both the structure and quality improved," said Sheng Laiyun, spokesman for the National Bureau of Statistics, on Wednesday.

Consumption growth called keyConsumption contributed 71 percent of economic growth in the first three quarters, up by 13.3 percentage points compared with the same period last year, NBS data showed on Wednesday.

Retail sales of consumer goods grew by 10.4 percent year-on-year in the first three quarters, slightly higher than the 10.3 percent growth in the first half.

The growth was largely fueled by rising consumer demand for automobiles, telecommunications products, food, clothing and other commodities, according to Xie Yaxuan, chief economist at China Merchants Securities Co.

In September, consumption rose by 10.7 percent year-on-year, up by 0.1 percentage point compared with last month and the highest monthly growth this year.

Xie said he believed consumption will continue growing, with demand for high-end products expected to increase. However, he added, maintaining growth momentum is cause for concern, since personal income growth has been slowing.

Per capita disposable income in the first three quarters grew by 6.3 percent, down by 0.2 percentage points from the first half of the year.

Although slower income growth is a natural result of economic restructuring as the nation deals with overcapacity, it shows how the labor market is facing heightened pressure, said Zhao Xijun, an economics professor at Renmin University of China.

Niu Li, director of macroeconomics at the State Information Center, said the government needs to help create more jobs. "That can be quite challenging at a time when demand for investment, despite some signs of an uptick, has yet to stabilize," he said.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 新密市| 分宜县| 新野县| 宁国市| 昌邑市| 庆元县| 宜黄县| 弥渡县| 桐乡市| 嘉善县| 客服| 博罗县| 苍梧县| 堆龙德庆县| 南靖县| 桑植县| 巴东县| 鄱阳县| 明水县| 扎鲁特旗| 周口市| 济源市| 宿迁市| 九台市| 克山县| 南宫市| 花莲县| 兰坪| 阳曲县| 娱乐| 竹北市| 万源市| 邵阳市| 德清县| 阜康市| 韶关市| 湖口县| 化隆| 靖西县| 武宁县| 台湾省|