Source:
BBCChina has announced it is targeting economic growth of 8% in 2010, despite the continuing effects of the global downturn. Beijing has targeted 8% growth for the past few years, and has yet to fall short of the target.
China, the world's third-largest economy (behind the US and Japan), has been boosted by massive government stimulus measures.
Earlier this month, the Chinese government said it would maintain its current fiscal and monetary stimulus measures, and look specifically to boost domestic demand in order to reduce its dependence on exports.
Recent retail sales figures show that consumers are spending more. The National Bureau of Statistics (NBS) said that sales were up 15.8% in November compared with the same time last year.
Read more:
http://news.bbc.co.uk/2/hi/business/8424239.stm
A 15% rise in domestic sales means they are making some progress to creating a more domestic-consumer driven economy, but they'll have to keep that up for a long time.