And they urged Japan to push domestic demand growth above 4 percent a year.
China - no matter what people tell you - doesn't have domestic demand growth.
"You use efficiency to stop demand growth," he said.
(This is slightly lower than the national average demand growth of 1.7% per annum).
Anyway, great demand growth does not assure that stock prices will follow suit.
This year, oil prices have been driven up more than 60 percent by the highest demand growth in 25 years.
Domestic demand growth was 2.2 percent, reversing a decline in the previous quarter.
The only real guarantee of output and investment growth, however, is demand growth.
"That doesn't mean spending has to fall, but it puts downward pressure on demand growth."
A. China's demand growth is continuing 8 to 9 percent per annum.
