China to expand domestic demand next year

Updated: 2012-12-17 09:26

(Xinhua)

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BEIJING - Expanding domestic demand will be a strategic basis for China's development next year, said a statement issued Sunday after a two-day central economic work conference closed.

New growth points should be created in domestic consumption, which will serve as both a strong pulling power and foundation for the sustained and healthy development of the country's economy, it said.