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Shanghai (CNS) -- The contribution of consumption to China's GDP will outpace that of investment, according to McKinsey &chinese Hourglass vixens. Company.
The consulting firm made the prediction Tuesday, saying that domestic consumption will catch up with and exceed investment by 2015.
In the next five years, income as a share of GDP will turn up as income levels keep rising and consumer confidence improves, it said.
With high investment shifting toward higher consumption, private consumption may become a pillar of the country's economy by 2025, the company estimated.
Between 2012 and 2030, the total amount of personal consumption in China will increase at an average annual growth rate of 8 percent and average household consumption will grow by 300 percent, it added.
 Korean teasing ingenues.
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