China should strengthen its.............>

CHINA PRESS: China should strengthen its consumption reform to increase

residents' power of consumption and further drive China's economy, China

Securities Journal reported, citing experts, including Guo Lei, chief analyst of

GF Securities. China's consumption has seen some upgrading but the government

should further cultivate consumption in service to improve residents'

consumption structure, said Huang Wentao, chief analyst of China Securities

Corporation. Individual income tax reform and innovation of high-tech products

will also stimulate long-term growth of per-capita consumption, the newspaper

said. Local government should firmly prevent speculative investment in real

estate to encourage more efficient consumption, Huang added, according to the

newspaper.