Home | China | World | Business Domestic Demand: Main Force Behind Economic Growth THU, FEB 28, 2002     In 2001, China's investment infixed assets was 3,689.8 billion yuan, an increase of 12.1 percent over the previous year, while the total retail sales of consumer goods was 3,759.5 billion yuan, up 10.1 percent, according to a senior government official. Commissioner of the National Bureau of Statistics Zhu Zhixin said at a press conference here Thursday that the fast growth of investment and retail sales indicates that domestic demand has become the main force to boost the economy. According to Zhu, the growth of investment by State-owned institutions and other type of institutions was 12.8 percent; while that by collectively-owned businesses was 8.1 percent; that by individuals was 12.7 percent. The growth of investment in capital construction was 8.5 percent, that in technical updating and transformation was 15.3 percent, and that in real estate development stood at 25.3 percent,he said. Of the total retail sales, the volume in urban areas was up 11.5 percent, while the volume at and below county level was up 7.7 percent. The sales of the wholesale and retail trades increased 10.7 percent, and that of the catering industry rose 16.4 percent. Fast growth was registered in new forms of operation or businesses for commodity circulation, such as chain stores and material distribution, he said. Editor:Zhong Source:Xinhua Recommend to your friend email:    China Central Television,All Rights Reserved