Chinese officials says consumption has become China’s biggest growth engine ...Middle East

Consumption has become China’s biggest growth engineChina has become the largest consumer of cars, mobile phones, and home appliancesChina has accelerated to become the world’s biggest consumerChina’s financial opening up benefit itself and provide better asset allocation opportunist for global capitalTotal assets under foreign banks and insurance institutions exceed 7 trln yuan in China

Upbeat comments from such a senior official will pour cold water on further large-scale stimulus expectations.

This article was written by Eamonn Sheridan at www.forexlive.com.

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