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China to focus on domestic demand in 2013

Posted on 17 December 2012

Expanding domestic consumption will drive China’s economic development next year, according to a statement issued at a key annual leadership meeting. With export growth falling in November to 2.9 per cent year-on-year, down from 11.6 per cent in October, China’s new leaders are pinning their hopes for the world’s second-largest economy on fostering demand at home.
Sunday’s statement was issued at the two-day Central Economic Work Conference in Beijing. But unlike after previous meetings, state media did not immediately report China’s much-anticipated target for gross domestic product……………………………………..Full Article: Source


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