The Commerce Blue Book released by Chinese Academy of Social Sciences predicts that the aggregate sales value of social consumption goods will reach 15 trillion Yuan with a growth of 20% in 2010. Vehicle consumption remains popular. It is expected that 15 billion vehicles will be sold this year.
From 2003 to 2008, the aggregate sales value of social consumption goods increases from 5 trillion to 10 trillion. The blue book predicts that it will take only 2 years to increase to 15 trillion.
Statistics from Ministry of Commerce show that the aggregate sales value of social consumption goods was 12.35 trillion Yuan in 2009 with a growth of 15.5%.The practical growth was 16.9% considering the price factor, which is the biggest practical growth since 1986.
Although the scale of social consumption goods keeps expanding, China's consumption rate remains low. It keeps fluctuating at 60% far behind the world average 70%. Since 1990, both China's final consumption rate and consumption rate fall.
