China eyes energy-saving, IT sectors for domestic demand

BEIJING, July 12 (Xinhua) -- China is to speed up development in the energy-saving industry and promote consumption of IT-related products and services as it looks to spur domestic demand and push economic upgrading against the backdrop of a tottering economy.

Encouraging growth in the two sectors could ease resource restraints, unleash consumption potential, stimulate effective investments and foster emerging industries, according to a statement released after an executive meeting of the State Council presided over by Premier Li Keqiang.

The latest effort to boost domestic consumption comes as the world's second-largest economy is working to steady growth in the face of a global slowdown while driving through reforms.

We Recommend:
How did Chinese solar industry go bankrupt?	Born to lead: 2nd gen of Chinese tycoons	Chinese graduates’ unconventional jobs
China's largest railway terminal officially opens	Dazzling gems shine at Beijing jewelry show	Boeing 787 Dreamliner to serve Beijing-Haikou route
New high-speed rail linking Nanjing, Ningbo opens	Jiaxing-Shaoxing Sea Bridge in E China	Chinese investors' happiness and sadness