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The slowdown in China's consumption.....>

CHINA PRESS
CHINA PRESS: The slowdown in China's consumption growth is inevitable
considering consumption upgrades and structural adjustments, as indicated by
July's growth coming in at 9.3%, unchanged from the first half of the year, 21st
Century Business Herald said in a commentary. 
  - China should not stimulate consumption with short-term policies and distort
the economic structure, the newspaper said. 
  - To elevate consumption, China must lower housing costs to release room for
individual consumption, and must significantly lower taxes to increase
individual disposable income, the newspaper said.

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