Lackluster domestic consumption a severe problem

"Probably more than a year from now, when the credit card storm is over, domestic consumption will grow 2 percent year-on-year, " above the current dismal 1.71 percent, he said.

As the government has not publicized details of its "grand investment plan," Liang said it is difficult for him to envision a day when the yearly growth of domestic consumption will return to 6 percent.