Free Trial

China Consumption Lags Strong GDP: Daily

CHINA PRESS
MNI (Sydney)

China's economy still faces structural imbalance despite recording GDP of over 100 trillion yuan in 2020, the Securities Daily said in a commentary. The recovery in consumption needs to be further accelerated as retail sales fell 3.9% from the previous year. However, the recovery is forecast to gather more steam as the digital economy, the digitization of industries, transportation and logistics all enhance production and consumption, the newspaper said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.