Home / Knowledge / News / 'Try to shorten period of decline in growth' - Experts
'Try to shorten period of decline in growth' - Experts
10
Dec '08
Judging from the current economic situation, China has never experienced such great external difficulties ever since the reform began and the economy was opened up in the last 30 years. Cai Zhizhou, researcher from Research Center of National Account of Peking University had this say, “it is even more noteworthy to note that that this crisis has not bottomed out but its influence continues to increase.”

In fact, all levels of the society from the common man to SMEs to big companies and the stock and real estate markets across all regions are feeling threatened under the heat generated by the recessionary trends prevailing in the global markets.

Deputy director of the National Bureau of Statistics Xu Xianchun said, considering the profound implications of the global financial turmoil on the world economy as well as a variety of factors leading to a continued decline of economic growth, China should try its best to avoid a significant drop in economic growth and try to shorten the period of declining growth.

He added by saying that , at this critical moment, China has launched a war against the financial crisis and when entering the year of 2009, the difficulties would not have been overcome, so China should do more detailed and consolidated analysis and develop strategies accordingly.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search