BEIJING, Jan. 3 -- Consumption is expected to remain the largest contributor to China's economic growth in 2019, a Ministry of Commerce (MOC) official said.
Wang Bin, deputy director of the Department of Market Operation and Consumption Promotion at the MOC, said at a recent meeting that consumption is expected to contribute to 65 percent of economic growth in 2019, with an expected 9-percent increase in total retail sales of consumer goods.
China's consumer market will continue its steady development and maintain a stable and positive outlook regardless of the negative factors and pressure, Wang added.
The three-day New Year holiday saw a robust start of China's consumption market in 2019, with the retail sales of 60 Beijing-based business service companies hitting 3.01 billion yuan (about 438.6 million U.S. dollars) during the period, up 6.3 percent year on year, official data showed.
Meanwhile, consumption in Shanghai during the three days reached 13.5 billion yuan, up 10.6 percent from the previous year.
To improve the consumption structure and let consumption play a bigger role in accelerating economic development, the country has launched various measures, including increasing the supply of goods and services, reducing tariffs, expanding imports and introducing policy incentives for cross-border e-commerce.
The pro-consumption policies introduced last year have pushed an upgrade in consumption by better matching the high-end demands with high-quality supply, MOC researcher Chen Lifen said.
MOC data showed China's retail sales of consumer goods reached 34.5 trillion yuan in the first 11 months last year, up 9.1 percent year on year, with consumption contributing to 78 percent of the total economic growth.
Moreover, China has announced special individual income tax deductions to lower the tax burden of people with certain expenditures. The move, which went into effect on the first day of this year, is expected to further stimulate consumption.
2014年大学英语六级过关必备词组精选18
备战英语六级高频词汇的复习笔记(14)
2014大学英语六级考试过关必备分类高频词医学类
2014年大学英语六级过关必备词组精选5
2014大学英语六级考试过关必备高频词11
备战英语六级高频词汇复习笔记06
备战英语六级高频词汇复习笔记09
2014年大学英语六级过关必备词组精选15
大学英语六级过关必备词组精选(23)
大学英语六级考试过关必备分类高频词经济类
2014年大学英语六级过关必备词组精选3
备战英语六级高频词汇复习笔记03
2014年大学英语六级过关必备词组精选16
英语六级高频词汇复习笔记21
2014年大学英语六级过关必备词组精选19
2014年名师指导大学英语六级翻译必备词:基础词组15
备战英语六级高频词汇复习笔记07
2014年大学英语六级过关必备词组精选22
备战英语六级高频词汇的复习笔记(17)
大学英语六级考试过关必备分类高频词感情类
2014年大学英语六级过关必备词组精选7
备战英语六级高频词汇复习笔记05
2014大学英语六级考试过关必备分类高频词科技类
2014年大学英语六级过关必备词组精选11
2014大学英语六级考试过关必备分类高频词娱乐类
备战英语六级高频词汇复习笔记11
orient使适应英语六级高频词汇复习笔记(22)
大学英语六级考试过关必备分类高频词工作类
2014年大学英语六级过关必备词组精选20
2014年大学英语六级过关必备词组精选12
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |