Consumption to exceed 50% of China's GDP

[Raphael]

Consumption to exceed 50% of China's GDP | Business Spectator

Consumption will become the biggest driver of economic growth in China this year, exceeding 50 per cent of the GDP for the first time, according to an official report from the Ministry of Commerce.

During the first quarter of 2015, the total value of retail sales in China reached 7.1 trillion yuan, an increase of 10.6 per cent. Though the growth in retail sales has moderated, it is still one of the fastest growing areas of the economy.

Researchers from the ministry believe consumption will account for 50.5 per cent of GDP this year.

The booming e-commerce sector is one of the key drivers of consumption growth, surging ahead by more than 50 per cent a year.

China’s consumption as a share of GDP is considerably lower than other major economies such as the United States, and eurozone countries.

Consumptions typically make up 70 to 80 per cent of GDP in these developed economies.

 

[rcrmj]

but still too many China 'experts' believe that China's growth is 'unhealthy' as it is little to do with 'consumption' lol

 

[SelfServeFive]

China naysayers were almost right I had to admit. By 2012 there were gross misallocations of capital and structural impediments to economic progress. China was heading toward a disastrous hard landing. Then Chairman Xi came in cleaned up the vested interest groups and engineered a soft landing. This is a great move in the long run. Nearly all China's social ills arise from rigid / inefficient economic structure coupled with dynamic growth in total output.

 

[Aepsilons]

Consumption to exceed 50% of China's GDP | Business Spectator

Consumption will become the biggest driver of economic growth in China this year, exceeding 50 per cent of the GDP for the first time, according to an official report from the Ministry of Commerce.

During the first quarter of 2015, the total value of retail sales in China reached 7.1 trillion yuan, an increase of 10.6 per cent. Though the growth in retail sales has moderated, it is still one of the fastest growing areas of the economy.

Researchers from the ministry believe consumption will account for 50.5 per cent of GDP this year.

The booming e-commerce sector is one of the key drivers of consumption growth, surging ahead by more than 50 per cent a year.

China’s consumption as a share of GDP is considerably lower than other major economies such as the United States, and eurozone countries.

Consumptions typically make up 70 to 80 per cent of GDP in these developed economies.

This will be a blessing to all China's trade partners. Imagine $5Trillion worth of goods will be consumed this year alone in China.

Good For China, good for her trade partners.

 

[jammersat]

like the motto says , what happens in asia stays in asia

 

[Aepsilons]

like the motto says , what happens in asia stays in asia

I thought it was, "What happens in Vegas stays in Vegas."

 

[ozzy22]

like the motto says , what happens in asia stays in asia

LOL, this guys posts are hilarious.

 

[jammersat]

I thought it was, "What happens in Vegas stays in Vegas."

Damn those yanks , they copy every chinese porverb and make it american ,

 

[zip]

I am really amazed with this low rate of cinsumption ..Either they are heavily dependent on imports for their needs or they are piling up lot of wealth in foreign reserve ..Anyhow it only indicates chinese are a healthy priductive society and they have the luxury to import a lot ..

 

[Genesis]

I thought it was, "What happens in Vegas stays in Vegas."

Take that attitude into Vegas and you will leave with Herpes, and I can tell you Herpes does NOT stay in Vegas, not that I would know, because I don't.

 

[Aepsilons]

Take that attitude into Vegas and you will leave with Herpes, and I can tell you Herpes does NOT stay in Vegas, not that I would know, because I don't.

LOL!!!!

Brother, come on baby! We gotta be safe all the time. Always be ready to fight the good fight .

 

[Genesis]

LOL!!!!

Brother, come on baby! We gotta be safe all the time. Always be ready to fight the good fight .

whenever I see come on baby, I think of

lol and Dave Chappelle's joke, president being an addict and selling nuke secrets for 10, 20 dollars. Also, during treaty negotiations, come on baby, I'll suck your ****!.

lol

 

[Aepsilons]

whenever I see come on baby, I think of

lol and Dave Chappelle's joke, president being an addict and selling nuke secrets for 10, 20 dollars. Also, during treaty negotiations, come on baby, I'll suck your ****!.

lol

LOL!! Oh Gen, you crack me up. You cray cray!!

 

[jammersat]

But still the title reads like , Communism still consumes 50% of GDP in china