Household consumption falls in China: RBA
The household consumption ratio in China fell by an average of 11 percentage points in 2008 to be 35%of China's GDP, research oublished this month by the Reserve Bank of Australia (RBA) notes.
The declining consumption ratio represents a trend that has developed since the early 1980s when the ratio fell from 52%of GDP to 46% by the end of the 1990s. However in recent years the pace of the decline picked up noticeably as the rate of investment spending has grown even more rapidly than consumption
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