BEIJING (Reuters) - China's retail sales of consumer goods are expected to jump 11 percent in 2016, the state planning agency said on Saturday.
The National Development and Reform Commission also said in its report released at the opening of China's parliament that it expected fixed-asset investment to rise about 10.5 percent this year.
It added that non-financial foreign direct investment in China would reach $128 billion this year, while non-financial outward direct investment was expected to reach $130 billion, up 10 percent.
(Reporting by Adam Rose and Kathy Chen; Editing by Kim Coghill)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app