Chinatoseesoundconsumptiongrowthin2016:Commerceminister-PeoplesDailyOnline

Tuesday, Feb. 23, 2016SearchArchiveEnglishChineseJapaneseFrenchSpanishRussianArabicKoreaGermanPortugueseHomeOpinionsBusinessMilitaryWorldSocietyCultureTravelScienceSportsSpecial CoveragePhotoVideoEnglishChina PoliticsChina to see sound consumption growth in 2016: Commerce minister(Xinhua)    15:58, February 23, 2016BEIJING, Feb. 23 — Consumption in China will continue to grow at a rapid pace in 2016, Minister of Commerce Gao Hucheng said at a press conference Tuesday.Consumption expanded 10.7 percent year on year and contributed 66.4 percent to Chinas economic growth in 2015, compared with 51 percent in 2014, encouraged by continued rapid growth in peoples income, improved social security and better supplies of goods, according to Gao.To encourage consumption, the ministry will continue to promote supply-side reforms to enhance the quality of goods and services, Gao said.As China tries to wean the economy from its lopsided dependence on investment and foreign trade, consumption, services and innovation are emerging to become new drivers of growth.In response to questions that whether China will further depreciate the yuan to spur exports, Gao said recent fluctuations of the yuan will not affect Chinas trade performance, adding that neither depreciation nor appreciation of the yuan will benefit trade.(For the latest China news, Please follow Peoples Daily on Twitter and Facebook)(Editor:Yao Xinyu,Bianji)Add your comment/* * * CONFIGURATION VARIABLES: EDIT BEFORE PASTING INTO YOUR WEBPAGE * * */var shortname=window.location.host;var disqus_shortname=;var disqus_identifier=;if (shortname==en.people.cn){disqus_shortname=enpeople;disqus_identifier = 9020198;}/* * * DONT EDIT BELOW THIS LINE * * */(function() {var dsq = document.createElement(script); dsq.type = text/javascript; dsq.async = true;dsq.src = // + disqus_shortname + .disqus.com/embed.js;(document.getElementsByTagName(head)[0] || document.getElementsByTagName(body)[0]).appendChild(dsq);})();Please enable JavaScript to view the comments powered by Disqus.Related readingInvestigation stepped up after four miners rescuedChina steps up crackdown on food and drug safety crimes37 ministerial level Chinese officials investigated for graft in 2015Structural reform to power Chinas stable growth: finance ministerWe Recommend2016 Miss Chinatown USA pageant held in San Francisco
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