Retail spending emerges as major economic growth driver

Consumer and Retail

Saturday, August 30, 2008 05:59:07

	Retail spending emerges as major economic growth driver By STAFF EDITOR Published: January 30, 2008 12:00 PM Consumption’s contribution to China’s economic growth exceeded the contribution from investment for the first time last year, the Shanghai Securities News reported, citing National Bureau of Statistics figures. Consumption contributed 4.4 percentage points to the 11.4% increase in China’s gross domestic product (GDP) last year against investment’s 4.3 percentage point contribution. The remaining 2.7 ... You are currently reading 59 words of 179 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: economic growth , investment , retail , Beijing , GDP , consumption	More Articles in Consumer and Retail > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > World Bank stresses telecom in China development Insurance premiums grew by 23% Shanghai culture sector up 16% to almost US$40b in ’07 Changhong unveils 1st plasma TV screen from new plant Thai retailer eyes Chinese market Rural China retail spending up 20% in 1H Beijing hotel bookings low ahead of Olympics

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