China’s lo­cal sales key

The Star Early Edition - - WORLD -

BEI­JING: Do­mes­tic con­sump­tion will con­tinue to play a lead­ing role in boost­ing China’s eco­nomic growth this year, ac­cord­ing to a re­cent re­port.

Re­tail sales of con­sumer goods, a key in­di­ca­tor of con­sump­tion, are ex­pected to jump by 10.2% year on year to ex­ceed 37 tril­lion yuan (R73 bil­lion), con­tribut­ing more than 70% of the coun­try’s eco­nomic growth, ac­cord­ing to a re­port is­sued by the China Gen­eral Cham­ber of Com­merce. The re­port said that online sales would ex­pand at a slower pace this year, while con­sumer ser­vices would grow.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.