BEIJING, February 18th (AMSP/CGTN) – – At a symposium with top business leaders in Beijing, President Xi Jinping pledged to remove barriers to fair market competition and production while urging the private sector to take on a bigger role in technological innovation. His message resonated with a leading textile manufacturer in South China’s Guangzhou, who hopes government policies will continue to breathe fresh life into traditional industries.
“Over the past 20 years, we have undergone a major transformation – from a seller’s market to a buyer’s market. Our industry has reached a mature stage with intense competition. Moving forward, companies have two paths: scale up with vast production and marketing capacity, or establish a leading position in a specific niche. Advances in digitalization and intelligent systems are also helping us better serve our customers. In fact, the government has provided us with significant support, such as preferential policies for talent relocation,” said Peng Liangmin, General manager of Lighting Knitting Company.
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