Tag Archives: consumption

‘Resilient’ growth tops Q1 forecasts

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.

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Overcapacity cuts called crucial job

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.

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Inflation up, but not a worry

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.

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Consumer spending will reach $6.4 trillion by 2025

Despite a slowing economy, consumer spending in China will hit $6.4 trillion by 2025, up from $3.7 trillion in 2014, and total consumer spending in the decade between 2015 and 2025 will be $56 trillion, according to a report.

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Balanced view of China’s rise urged

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.

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Ningxia nurtures big plans for wine

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 […]

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