Tag Archives: consumption
China’s economy got off to a strong start in the first quarter, with GDP expanding at a higher-than-expected 6.9 percent year-on-year. The result, analysts said, has laid a solid foundation for the country to achieve its growth target of at least 6.5 percent this year.
China will further reduce excessive steel and coal production capacity and extend capacity cutting efforts to energy sectors this year, a senior official with the nation’s top economic planning body said on Monday.
China’s consumer prices beat market expectations in January to hit a three-year high thanks to pickup in consumption and travel activities during the Spring Festival season, but analysts said inflation may ease in February and not become a major concern this year.
China has been achieving good results from its recent financial reforms while becoming the world’s second-largest economy, and the world should have a balanced attitude toward China’s growth, experts said.
The Chinese government’s ongoing drive to cut spending on elaborate business lunches and dinners continues to send a chill through the high-end Chinese wine industry, yet Ningxia Hui autonomous region’s producing region in northwest China is expanding rapidly to adapt to the new round of “natural selection.” Following regulations that forbid expensive wines and liquor […]