"To engage in textile machinery For the group of Heng Tian, the overall demand for the textile industry has declined since July. In the next year or a year and a half, the global economy will still be running at a relatively low level, so we will face greater challenges in 2012. Challenge " Zhang Jie, chairman of China Hi-Tech Group Corporation, told reporters at the "2011 industry annual meeting of China".

Zhang Jie said that in response to the challenges brought by the global economic downturn next year, in the past two years, the group has completed its business transformation and expanded from traditional single textile and textile machinery business to textile equipment, loading vehicles, textiles, new fiber materials, real estate and so on. Investment Business six major business units.

"As we have completed the adjustment of business structure, the improvement of business capability and the layout of financial business, we have better profitability in this year's manufacturing downturn and achieved a 30% revenue growth." Zhang Jie said.

In order to develop for a longer period of time, China's constant development is making some new explorations, including the development of new engines, the construction of Songzhuang Cultural Industrial Park and so on.

"In my view, the textile industry is not only a" sunset industry "but also a high-tech industry. Load bearing And the performance of the cultural industry. Zhang Jie said, "for us now, the core task is the cultivation of technological innovation ability, followed by the innovation of business models, and the transformation of state-owned enterprises in a market-oriented way. This is a long process."