A further cut in GDP growth is being advised by economists for 13th Five-Year Plan to pave the way for the switch to a consumption-driven economy.
With the introduction of the 12th Five-Year Plan (2011-15), China began a new stage of consumption, undergoing the transformation from a society dominated by purchases of daily necessities to one characterized by the consumption of services.
China will step up efforts to promote the online sales of agricultural products as part of its broad plan to leverage e-commerce to alleviate property in rural areas, senior officials said on Friday.
China will continue to push forward capital account liberalization and renminbi internationalization, a senior representative from the People's Bank of China said in London on Friday.
With the introduction of the 12th Five-Year Plan (2011-15), China began a new stage of consumption, undergoing the transformation.
Tourism is a supporting pillar of the service sector in several developed countries, so they tend to invest heavily in attracting tourists to boost their economies.
Premier Li Keqiang has called for intensified efforts and stronger support to turn the manufacturing sector into a new driving force for economic growth.
Hopefully, the success of the Shanghai FTZ will help the FTZ network take the lead in regional development based on the market and relevant laws.
The country should accelerate its financial, tax, fiscal and educational reforms in a bid to break the structural obstacles to development of the service sector.
China sees more than 10,000 firms born every day amid government support for entrepreneurship, a vice minister said on Saturday.
More progress with raising the share of consumption in GDP calls for making more headway with reforms.
In recent years, the relationship between China's economic growth and two key indicators - power consumption and freight volume - has attracted extensive attention both at home and abroad.
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