Home / Knowledge / News / Premier Wen Jiabao spells out three mantras for survival
Premier Wen Jiabao spells out three mantras for survival
Feb '09
Premier Mr Wen Jiabao
Premier Mr Wen Jiabao
Recently the State Council of China has promulgated a series of industrial restructuring and revitalization plans which includes labour intensive and high export potential industries like textile apparels, iron and steel, automobile and equipment manufacturing. The Premier Mr Wen Jiabao, concerned about the impact of these plans on corporate development decided to get a first hand view of the effect.

On the morning of February 15, the Premier visited the new textile industry park in Tianjin and enquired about the sales position in one of the companies, to which the Chairman of the company replied by saying, “January sales grew by 0.3 percent and the company has new orders extending up to March”. The introduction of new measures has however instilled a confidence in the producers, added the Chairman.

While addressing a delegation of the park members, the Premier said that the textile industry is one of the traditional pillars of China's economy and at the same time provides employment to millions of people. Other than the government providing requisite support, the industry should work together and face the crisis unitedly. In his speech he put forward three expectations from the industry.

First, he said, companies should carry out timely adjustment of product mix as per requirements of domestic and international markets. Second, enterprises must strive to improve product quality, reduce costs, and improve competitiveness. Third, enterprises should tap both domestic and export sales, and actively explore new diversified markets. All these three if implemented, would help companies cruise through the crisis.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Hannah Lane

Encouragement from brands will motivate supply chains to become more...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search