Private consumption, rather than public funds, to drive up spending

The annual growth in sales of consumer goods is expected to slow this year, with growth mainly driven by private consumption rather than public spending, according to a new report.

The sales of consumer goods will grow 13 percent year-on-year, lower than in previous years, according to the 2013 China Consumer Market Development Report released on Thursday by the department of consumer economics at the Chinese Academy of International Trade and Economic Cooperation of the Commerce Ministry.