Rising incomes boost retail sales

"The retail sales figure is in line with the current economic situation," Qi said. The country's economy rose 10.2 per cent year- on-year during the first quarter of this year. Zhuang Jian, a senior economist with the Asian Development Bank's Resident Mission in China, said April...

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Bibliographic Details
Published inChina daily (North American ed.)
Main Author Su, Bei
Format Newspaper Article
LanguageEnglish
Published New York, N.Y China Daily 16.05.2006
EditionNorth American ed.
Subjects
Consumption
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Summary:"The retail sales figure is in line with the current economic situation," Qi said. The country's economy rose 10.2 per cent year- on-year during the first quarter of this year. Zhuang Jian, a senior economist with the Asian Development Bank's Resident Mission in China, said April's retail sales growth was encouraging, thanks to the government's increasing emphasis on stimulating consumption demand. "Because consumption is an individual behaviour, it is not easily controlled," he said. "The government needs to make people feel safe to spend if it wants to see faster retail sales growth."
ISSN:0748-6154