Economy
Official: consumption to contribute more to growth
(Xinhua)
Updated: 2010-03-13 16:45
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BEIJING - Consumption is expected to contribute more to China's economic growth this year, Fang Aiqing, assistant commerce minister, said Saturday.
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China will spend more efforts to promote consumption this year, he said. The measures will include maintaining the subsidized programs of home appliance and auto purchase for farmers and home appliances replacement policies, and improving distribution network in rural areas.
Consumption contributed 4.6 percentage points in the country's 8.7-percent GDP growth last year, investment accounted for 8 percentage points while exports subtracted 3.9 percentage points.
