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    China Business
     Nov 9, 2006
China retail sales 'to rise 12%' in 2007

BEIJING - China's total retail sales of consumer goods are expected to reach 8.5 trillion yuan (US$1.1 trillion) in 2007, rising about 12%, according to a Ministry of Commerce forecast.

The report forecasts that total sales of capital goods will hit 20 



trillion yuan next year, increasing about 15%.

According to the report, China's total retail sales of consumer goods are forecast to reach 7.6 trillion yuan in 2006, rising 13.5%. There will be no large fluctuations in the supply-and-demand pattern on the market.

Consumer prices for residents are expected to rise within a controllable rate of 2%.

Total sales volume of capital goods is expected to reach 18 trillion yuan, up about 17%, and the price in circulation links of capital goods will rise 3-4%, slightly higher than the figure of last year.

The report holds that China's economy has achieved sustainable and fast development with the relationship between income and distribution further improved, resident consumption capacity continuing to rise, construction of rural infrastructure facilities strengthened, and the consumption environment improved, creating sound conditions for the continued rapid development of the domestic market for next year.

(Asia Pulse/XIC)

 

 
 



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