China’s top economist planner said the country will boost consumption and maintain “appropriate” investment growth in 2012 to ensure steady and relatively fast economic growth, Reuters reported, quoting a report published Saturday by the state-owned China News Service. The government will ensure that state projects under construction are completed, while initiating key measures under the 12th Five-Year Plan (2011-2015) and boosting spending on housing, education and water conservation, said Zhang Ping, the head of the National Development and Reform Commission. He also reiterated plans to boost private investment in railways, utilities finance and energy. However, Zhang did not reveal targets for 2012 investment growth. In 2011, Beijing aimed for an 18% increase in fixed-asset investment and a 16% increase in retail sales, a proxy measure for consumption.
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