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| China's economic growth showed a stable growth trend in July, the surge in consumption during the summer holiday is driving positive momentum in economic indicators, according to data released by the National Bureau of Statistics, the Securities Times reported on Friday. |
| Recovery of the consumption continued as the index of services production, and the total retail sales of consumer goods registered 4.8 percent and 2.7 percent growth year-on-year in July, respectively. On a monthly basis, the growth rate outpaced June by 0.1 percentage point and 0.7 percentage point, respectively, according to the report. |
| With an increase number of tourists traveling during summer break, sectors such as transportation, warehousing and postal production grew faster than that of the service industry as a whole. |
| Consequently, the travel consulting rental services grow relatively faster than usual, said Liu Aihua, an NBS spokeswoman, at a news conference in Beijing on Thursday. |
| The foundation for the recovery of the consumer market will be further solidified, with the implementation of a combination of policies in order to increase people's income and consumption demands, Liu added. |
| Investment is another important driving force of domestic demand. China's fixed-asset investment in the manufacturing industry rose 9.3 percent year-on-year during the Jan-July period, faster than that of investment in infrastructure and real estate development. |
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