Domestic spending worth $4.25t by 2020

Consumer and Retail

Thursday, August 28, 2008 20:02:57

	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 ... You are currently reading 54 words of 164 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: China Securities Journal , US , Beijing , GDP , japan , consumption , Shenzhen	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 > Mobile handset sales brisk in 1H 24.4m Chinese to travel abroad in 2H: MasterCard Qingdao Haier 1H profit up 46% Konka 1H net profit up 90%, revenues stable Beijing hotel bookings low ahead of Olympics Hisense Kelon halts share for assets swap plan Retail spending up 20.5% over Chinese New Year holiday

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