Rural regions central to future growth, PC tycoon says

Rising rural consumption has the potential to become the new engine for economic growth, as the country enters a "sensitive phase", entrepreneur Liu Chuanzhi said on Friday.

"Companies should prepare for the winter and keep abundant cash in hand," Liu, founder of Lenovo Group, the world's fourth-largest PC-maker, said.

"The economy is facing a number of uncertainties such as rising exchange rates and consumer prices, and a potential slowdown."