The potential of domestic demand to promote the economy has not ...

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The spokesman of National Nevelopment and Reform Commission of China, Li Pumin recently said that the potential of domestic demand in China has not been exerted fully and consumption is expected to be one in bright spot in the development of economy in 2012.

Information from various channels show that there is enormous potential of domestic demand in China. According to the data, economic growth in 2011showed a falling trend quarter by quarter, and in the market there is worry that in 2012 there may be stagflation or a hard landing in 2012. In response, Li Pumin believes that there are no problems of economic stagnation or a hard landing in China.

?Li Pumin said that there were many favorable factors. From the perspective of maintaining stable and rapid economic development, the potential of domestic demand in China has not been exerted fully.

Meanwhile, in the process of industrialization, urbanization and modernization of agriculture, there is much room in expanding the scale of consumption and maintaining a reasonable investment. China's economy, at present and for some time in the future, will remain at the intervals of fast and stable growth. As the adjusting policies will be in effect continually in 2012, the role that the consumption demand will play in promoting the economic development will be highlighted and the Beijing government will continue to encourage the domestic consumption.

?" China has great potential in domestic demand because more than a billion of Chinese people are marching from the current standard of living to the living standards in developed countries, and in this process the potential of domestic demand that can be released will be huge.

?Correctly recognizing this is an important Fulcrum for judging China's economic development potential the future. " Zhang Liqun, a researcher at the macro-department of the Development Research Center of State Council Department said " it should be noted that economic growth can bring a sustaining rapid growth of employment and incomes, and the growth in employment and income can turn the potential for consumption demand into an expanded consumer markets. Although consumption takes a low proportion of GDP, consumption growth has been remaining at over 10%. In the past, consumption in China resents a fast and stable growth trend with the growth of GDP, and in the future it will continue to maintain such a situation. This is not only an important contribution to China's economy, but also an important contribution to the world economy. ?

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Source: http://society.ezinemark.com/the-potential-of-domestic-demand-to-promote-the-economy-has-not-been-exerted-fully-7d34a8a79504.html

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