Ministry of Industry and Information Technology Gives Guidance of Revival Plan

Recently, Department of Consumer Goods Industry of Ministry of Industry and Information Technology of China held forums in the East, North and South West China respectively to discuss about practicing the revival plan of textile industry, organizing technical reform projects and leading local governments to enhance support of technical reform projects of textile industry. Zhang Li, head of Department of Consumer Goods Industry, believes it an urgent must to take the above things into practice. The Department offers several guidance suggestions including M&A, bankruptcy, self-owned brand development, lowering cost and improving efficiency and product structural adjustment.