This further distorted financial markets, increased local government debt, improved infrastructure rather than skills and delayed the growth of
private domestic consumption, which everyone agrees must replace investment and exports as the driver of Chinese growth.
Not exact matches
Domestic demand, particularly
private consumption, continues to grow at a solid pace, reflecting low interest rates and strong growth in household incomes.
TOKYO (MNI)- Japan's gross
domestic product for the January - March quarter is expected by economists to be flat both on quarter and at an annualized pace, as solid capital investment is offset by weak
private consumption amid bad winter weather.
As export markets are faltering,
domestic consumption — and therefore the empowerment of the Chinese
private sector — must step up to compensate.
Equivalently, it is the sum of personal
consumption expenditures (PCE), gross
private domestic investment, and government
consumption expenditures and gross investment.
Archaeological excavations have yielded thicker cultural layers from periods of prosperity; correspondingly, modern waste - generation rates can be correlated to various indicators of affluence, including gross
domestic product (GDP) / cap, energy
consumption / cap,, and
private final
consumption / cap (Bingemer and Crutzen, 1987; Richards, 1989; Rathje et al., 1992; Mertins et al., 1999; US EPA, 1999; Nakicenovic et al., 2000; Bogner and Matthews, 2003; OECD, 2004).
The automobile had been invented and entered mass production in the early 1900s, but just as the internal combustion engine started to prevail over electric cars at that time and mass production took hold with Ford's Model T bringing some cars and trucks into upper middle class households and into use by businesses and farms, the Great Depression and World War II dramatically reduced
private personal
consumption, so for the two decades from about 1929 until the several years after World War II that it took to convert factories from war production to civilian peacetime production, the automobile industry's
private sector sales were greatly suppressed,
domestic civilian road and bridge construction came to a near halt during World War II as government funds were diverted to the war effort, and
domestic oil
consumption was likewise suppressed.