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9.7% consumption increase "encouraging"
(Xinhua)
Updated: 2004-10-22 15:49

A spokesman for China's National Bureau of Statistics (NBS) said in Beijing Friday that the 9.7 percent increase of consumption in the first three quarters this year is "encouraging".

The consumption increase was 0.6 percentage point more than that in the same period last year, Zheng Jingping, the spokesman, told a press conference held by the Information Office of the State Council.

"We hope a consumption-driven economy," Zheng said, adding that China now has yearly consumption increase ranging between 9-10 percent.

According to economics theories, consumers' behavior would not often change greatly, Zheng said.

"We feel that encouraging to have such an increase in consumption," Zheng said.

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