China's domestic demand will continue to grow: SIC

13:26, December 22, 2009      

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China's domestic demand will continue to grow next year, with fixed asset investment up 25 percent from a year earlier and retail sales up 18.5 percent, the State Information Center (SIC) forecast in a report issued Tuesday.

However, domestic consumption may not grow as quickly as this year considering the inflationary expectations, the SIC stated.

China's urban fixed-asset investment rose 32.1 percent year on year in the first 11 months to 16.86 trillion yuan (2.47 trillion U.S. dollars), while China's retail sales rose 15.8 percent year on year to 1.13 trillion yuan in November, according to data released earlier this month by the National Bureau of Statistics.

Source: Xinhua
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