Yes, consumer spending has been rising, red tape has been reduced, and some fiscal reforms have been introduced, but overall, Mr. Xi's ambitious goals have been stillborn.
Consumer spending was generally described as steady to up modestly since the last report, with most Districts indicating small increases from a year ago.
Consumption spending is recording a modest increase at present, with households displaying a degree of caution, but most indicators suggest business investment will increase over the coming year.
This is also affecting consumption expenditure. The real growth of consumption expenditure per city resident between January and September was 4.3 percent.
Personal consumption expenditures consist of the actual and imputed expenditures of households; the measure includes data pertaining to durables, non-durables and services.
UHD Blu-ray has held onto its price premium and, as a result, consumer spend continues to outperform digital sell-through of UHD, despite the volumes being almost identical.
From the demand side, the creation of higher value-added and a better outlook of households for employment and income will lead to a rise in the trend in consumption expenditure.
Different from the last century in 80s before the birth of a new generation of consumers, China consumers can now access to goods from all over the world, and the current generation of young people do not like their parents or grandparents usually frugal, their consumer spending grew at an annual rate of 14%.
Among individual economic indicators for June, the Family Income and Expenditure Survey(Workers' households) shows that real consumption expenditure increased from the previous quarter for the April- June quarter, although it declined in June from the previous month.
Below trend growth through the remainder of 2015 is certainly Westpac's view… marked by below trend growth in consumer spending; sharp falls in mining investment; and flat business investment outside the mining sector," said Bill Evans, Chief Economist of Westpac.
English
中文
عربى
Български
বাংলা
Český
Dansk
Deutsch
Ελληνικά
Español
Suomi
Français
עִברִית
हिंदी
Hrvatski
Magyar
Bahasa indonesia
Italiano
Қазақ
한국어
മലയാളം
मराठी
Bahasa malay
Nederlands
Norsk
Polski
Português
Română
Русский
Slovenský
Slovenski
Српски
Svenska
தமிழ்
తెలుగు
ไทย
Tagalog
Turkce
Українська
اردو
Tiếng việt