Vice Governor Of Shandong Clarified Rumors Of The Closure Of Wei Qiao Group

In response to the rumor about the bankruptcy of Wei Qiao group, Wang Junmin, the Standing Committee of the Shandong provincial Party committee and vice governor of the provincial Party committee, publicly clarified at the provincial industrial economic operation conference in November 22nd that at present, there are no 1 laid-off workers in the 160 thousand employees of the Wei Qiao group, of whom 140 thousand are migrant workers.

Zhang Shiping, chairman of Shandong Wei Qiao Venture Group Co., Ltd., at the meeting, declared that the company maintained a good operation and balanced production and sales.

Zhang Shiping said that in view of the impact of the current financial crisis on the real economy, we should speed up the pace of technological innovation while strengthening the cost management of enterprises, and vigorously develop high value-added products with high efficiency and difficulty to adapt to the market, so as to guide and occupy the market.

In terms of exports, we should actively develop Latin America and other emerging markets on the basis of efforts to maintain traditional markets such as Europe and the United States.

Since August 2008, export profits have declined, and exports have been reduced and domestic demand expanded.

Zhang Shiping said that in the future, he will strengthen confidence and face difficulties and continue to do a good job in marketing management and expand market share.

Shandong Wei Qiao Venture Group Co., Ltd. is currently the world's largest cotton spinning group, and has long been in the leading position in the industry.