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China's total retail sales of consumer goods dropped 19 percent year-on-year to 7.86 trillion yuan (.11 trillion) in the first quarter of this year, according the Ministry of Commerce. 

China's push to cultivate innovation-driven growth will inject new life into the country's real economy and fuel the integration of cutting-edge technologies with manufacturing, experts said.

China's top diplomat in San Francisco Luo Linquan and California Governor Jerry Brown met for the umpteenth time on July 11.

China's percentage is lower than the 2.2 percent world average. India and Vietnam, two of China's neighbors, spent 2.5 percent and 2.4 percent in 2016, respectively, of GDP on the military.

China's toys and games market retail value doubled from .06 billion in 2013 to .9 billion in 2017, with a high double-digit annual growth in the past few years, according to Euromonitor International, which estimated the market may reach .29 billion by 2022.