[advertise]广告[/advertise]High savings and weak consumption was still the main structural problem for China’s economy, and the country needed to craft a national plan to boost consumption and adjust the economic structure, an expert had said.
In an interview run by the China Securities Journal on Saturday, Xia Bin, a researcher with the Development Research Center, said China’s GDP growth in 2010 would mainly rely on expanding domestic demand.“In the first three quarters of this year, net exports drag down GDP growth by 3.6 percentage points. Next year, whether net exports will make positive contribution to GDP growth remains a challenge,” he said. “Therefore, China needs a consumption-oriented structural adjustment plan to help further expand domestic demand, especially residents’ consumption.”
Source:Shenzhen Daily