Xu Kuangdi: At present, textile companies must “keep their pockets tight”
In times of economic downturn, what should companies do now? Xu Kuangdi, vice chairman of the National Committee of the Chinese People’s Political Consultative Conference and president of the Chinese Academy of Engineering, said in Shaoxing this morning: We must “keep our pockets tight” now and “open our pockets” in the future.
A few days ago, a series of report conferences on industrial transformation and upgrading in Zhejiang Province kicked off in Shaoxing. The theme of this report conference was the textile industry. The National Ministry of Industry and Information Technology, the National Ministry of Science and Technology, the Chinese Academy of Engineering, the China Textile Industry Association, as well as many leaders and experts from Zhejiang Province and Shaoxing City attended the meeting.
Xu Kuangdi led five textile academicians from the Chinese Academy of Engineering to Shaoxing this time, mainly to “check the pulse” of the transformation and upgrading of the textile industry in Zhejiang Province. Xu Kuangdi said that the current economic situation is sluggish. At this special time, if companies want to survive the difficulties, the best way is to “keep their pockets tight.” In other words, what enterprises should do now is to find ways to save energy, reduce costs, and preserve their own strength. Later, when the economy shows signs of recovery, we must decisively “open up our pockets”, increase investment, and firmly seize development opportunities.
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