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Market pressures are driving forces for FeiYue
10
Mar '08
At 8:00 pm at the opening of the 1st Session of the 11th NPC, an interview on Zhejiang delegation was held at the 1st-floor speech hall of the conference centre of Beijing Xindadu Hotel.

One hundred and seventeen media from home and abroad, such as People's Daily, Xinhua News Agency, CCTV, the United States Bloomberg news agency, and AFP, etc, with more than 200 reporters poured into the speech hall, even crowding the corridor.

Seven delegates of the Zhejiang delegation, including Qiu Jibao (president of Feiyue Group), Cai Qi (mayor of Hangzhou ), Mao Guanglie ( mayor of Ningbo), Yang Wei (president of Zhejiang University), Chen Xiao'en (director of the Office of Labour and Social Security ), Zhang Xinjian (general manager of China Telecom Zhejiang company), Li Dapeng (chairman of Kanglaite Group), answered reporters' questions on the theme of "Pioneering to enrich the people, innovating to strengthen the province". Secretary-General of Zhejiang Provincial People's Congress Standing Committee Yao Minsheng hosted the meeting.

When faced with the question "How would Feiyue, as an export-oriented enterprise, deal with the current business environment of the tightening monetary policy, declining export tax rebates , rising prices of raw materials, RMB appreciation and US dollars depreciation?", president Qiu replied that these factors were pressure but also driving force for Feiyue.

It would definitely be a dead end if Feiyue competes rivals with its superior position of large scale and low price as before which was just like "kick against the pricks".

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