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will focus on planning during the '13th Five-Year Plan' period. As a socialist market economy, China will launch an economic plan every five years to clarify the indicators and reform directions for economic and social development in the next five years. At the end of October last year, the Fifth Plenary Session of the Eighteenth Central Committee of the Communist Party of China adopted the 13th Five-Year Plan for China’s National Economic and Social Development (referred to as the “13th Five-Year Plan”). The primary task of building a well-off society. To accomplish this task, China’s economy must maintain a “medium-to-high-speed growth” level in the next five years. GDP will double by 2020 compared to ten years ago, reaching approximately US$12 trillion (approximately 78.6 trillion US dollars). Yuan Renminbi). The media pointed out that China’s economy is facing downward pressure. Last year’s GDP growth rate was only 6.9%. The official stated earlier that to achieve the goal of doubling GDP, China’s average annual economic growth rate in the next five years must be maintained at 6.5%. Bottom line. Wang Jianhui, deputy director of the Beijing Capital Securities Research Institute, analyzed that although it is inevitable to set GDP figures, the 13th Five-Year Plan as a whole is not expected to rely excessively on the formulation of goals, but will focus on solving difficult problems in China’s economy and society. . For example, the Chinese economy is facing the problem of overcapacity, and supply-side reform is the solution. He said that efforts to curb outdated production capacity have now been extended to the production lines of mainstream suppliers. This means that some first-line steel mills or enterprises have to cut production lines. Wang Jianhui said: “In the past, local small and medium-sized enterprises were involved, but now some state-owned enterprises are affected. The task is even more difficult and complicated. De-capacity does not mean closing the factory. There are also asset disposal, personnel training, job transfer, and renewal. Employment and subsequent debt issues are definitely more difficult than before.” Zong Liang, deputy general manager of the Strategic Development Department of Bank of China, pointed out that supply-side reform is a long-term goal. In the short and medium term, the authorities should also moderately expand aggregate demand to improve the economy. It can continue to grow within a reasonable range, creating favorable conditions for structural adjustment and optimization. This includes promoting the development of urbanization, exploring consumer market demand, and promoting the construction of the 'Belt and Road'. Five of the overall goals are indispensable. In addition to economic issues, Wang Jun, deputy director of the Consulting and Research Department of the China Center for International Economic Exchange, believes that this year's plan should draw up a set of comprehensive survey indicators to measure overall social development. He said: 'We are now not only focusing on GDP growth and total volume, but also focusing on the five development concepts of innovation, coordination, green, openness and sharing. This is an overall goal, and none of the five is indispensable.' , for example, is common with economic development. The problem is the destruction of the ecological environment. Yuan Xin, a professor at the Institute of Population and Development of Nankai University, said that in the past 30 years, China has repeated the old path of first pollution and then governance in developed countries. Now it finally realizes that if it wants gold and silver mountains, it also wants green waters and mountains, economic growth cannot be achieved. At the expense of the environment. It is understood that the draft of the '13th Five-Year Plan' will list specific indicators for air pollution levels and water quality. Yuan Xin said: 'The green development and ecological civilization proposed in the 13th Five-Year Plan have raised the quality of economic growth to a new level. I think this is very important.' In terms of people’s livelihood, planning recommendations, by 2020, people’s lives The level and quality should be generally improved, the employment, education, culture, social security, medical, housing and other public service systems should be more complete, and the implementation of 'precise poverty alleviation and precision poverty alleviation' should be implemented to improve the effectiveness of poverty alleviation by implementing policies based on individual conditions. The Central Poverty Alleviation and Development Work Conference in November last year promised that by 2020, more than 70 million rural poor people in China will be lifted out of poverty as scheduled, and all key counties will be eliminated. Wang Jun explained that no matter how developed the country's economy is, the results of development will eventually trickle down to ordinary people, which is the perfect ending. The Politburo of the Communist Party of China held a meeting on the 22nd of last month to review the draft of the '13th Five-Year Plan' plan. The draft is expected to be reviewed and approved at the National Two Sessions starting this week. The 'hole card' of stimulating the economy has been turned over. The Chinese government is facing more difficult challenges than in previous years. The media analysis believes that the 'hole card' that helps economic development has almost been turned over, the current Chinese government is facing even more difficult challenges than in previous years. Therefore, if this leader can complete the '13th Five-Year Plan' tasks as scheduled, his historical achievements will be more distinctive. Wang Jianhui said that although China’s past few governments have faced specific challenges during the ruling period, including high inflation, deflation, real estate bubbles, and the international financial crisis, on the whole, they have completed the tasks assigned to them by history as scheduled. This is because they have all undertaken the undeveloped resources left behind by the previous government as the driving force for economic growth.
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