三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

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: 国产成人免费视频 | 免费看真人a一级毛片 | 一级黄色在线观看 | 黄色美女毛片 | 麻豆视频链接 | 国产一区高清 | 国产精品久久一区二区三区 | 国产精品国产午夜免费福利看 | 国产a∨一区二区三区香蕉小说 | 国产欧美国日产网站 | 手机在线看黄色 | 一级毛片真人免费观看 | 成人免费淫片95视频观看网站 | 国产三级a三级三级午夜 | 成人午夜视频在线播放 | 亚洲成a人片在线观看中文 亚洲成a人片在线观看中文动漫 | 亚洲伊人精品综合在合线 | 成人一级大片 | 麻豆影视视频高清在线观看 | 久久精品国产一区二区三区不卡 | 一级毛片免费观看不卡的 | 国产成人免费观看在线视频 | pr社萌汁福利视频在线观看 | 精品欧美在线观看视频 | 国产精品久久久久无码av | 亚州中文字幕 | 一区二区高清视频 | 黄色a级网站 | 免费一级欧美大片视频在线 | 国产麻豆精品入口在线观看 | 久久三级精品 | 国产日韩精品一区二区 | 日本一线a视频免费观看 | 国产成人精品综合久久久 | 在线精品视频播放 | 国产精品一区二区久久精品 | 久久久久夜色精品波多野结衣 | 最新黄色在线 | 一区二区三区免费视频播放器 | 亚洲 中文 欧美 日韩 在线人 | 国产一区二区三区在线视频 |