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CNB To Prevent Excessive CZK Moves

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MNI (Singapore)

China’s domestic demand will be further expanded and play a greater role in driving the economic growth next year, said Fu Linghui, spokesman of the National Bureau of Statistics at a briefing on Wednesday after releasing November’s slower-than-expected spending and investment data.

Consumption can be further boosted if keeping the epidemic under control, supported by stable income and employment as well as the need for better consumer goods and services by the over 400 million middle-income group, said Fu.

More major infrastructure projects will kick off next year to form effective investment, while investment in technology innovation, including core components and key parts, continues to increase, Fu said.


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