China's retail sales will continue to grow at a fast rate over the next few years, thanks to the government's increasing emphasis on stimulating consumer demand.
Machine tool manufacturing will give top priority to innovation in the 11th Five-Year Plan period (2006-10), a senior industry insider announced yesterday in Beijing.
Inconsistencies between the country's economic and social progress are becoming increasingly obvious in the context of the Chinese economy making great gains over the last two decades or so.
