Go Finance Report - China's economic growth in 2010 approximately 10 percent and retail sales increased by 18.5 percent. It shows that China is relying more than domestic consumption.
"The driving force of domestic consumption increases, the company contributed more than 90 percent in economic growth," said Deputy Prime Minister (PM), China Li Keqiang as reported by Reuters.
"We have confidence, conditions and ability to maintain long-term economic growth is stable and fast," added Li.
In addition, Central Bank Governor Zhou Xiaochuan said China's Gross Domestic Product (GDP) grew about 10 percent in 2010.
Li expressed China's goal to expand domestic consumption for to allow for people to enjoy a larger share of rapid growth for the next five years.
In addition, Li also said that European confidence in order to overcome the debt crisis may give Beijing its attention and offer to a support.
China has also publicly promised to buy government debt from Greece and Spain after abstained from giving a special value for investment. (GoFinance)
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