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This spending prowess could add vigor to theworld''s second largest economy, which expandedby a modest 7.6 percent in the second quarter of2012, the lowest level since the first quarter of 2009.Holida
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This spending prowess could add vigor to theworld''s second largest economy, which expandedby a modest 7.6 percent in the second quarter of2012, the lowest level since the first quarter of 2009.Holiday spending sprees highlight the potential forincreased domestic consumption in China, and thegovernment is under pressure to create a more favor-able environment for consumers to dispose their cash.
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