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Friday, July 18, 2008 21:02:10
Domestic spending worth $4.25t by 2020
By STAFF EDITOR
Published: March 25, 2008 12:00 PM
Vice minister of commerce Yu Guangzhou said domestic consumption in China could reach US$4.25 trillion (RMB30 trillion) by 2020, or 3.5 times current spending, even if it only grows 10% a year until then, the China Securities Journal reported. Spending growth has averaged 13.1% over the last five years. Speaking to the three-day China Development Forum, which ...
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