Development of chemical fiber and textile industry under new circumstance
——Qiu Jianjun from Hengyi Petrochemical

Mr. Qiu firstly stated the unfavorable macroeconomic environment. Global economic growth slowed down; energy prices and shipment index kept refreshing new lows; China's economic aggregate increased, but more frictions emerged.Under this circumstance, operation of chemical fiber enterprises deteriorated. Credit tightened on reducing benefits and ?competitiveness weakened amid economic restructuring. With enhancing brand and quality consciousness, customization will become mainstream of future development 

Then he introduced the "13th Five-Year" plan of chemical fiber industry. By 2020, chemical fiber production is targeted to reach 55 million tons with annual growth of 3.6%锛汥ifferential rate of chemical fiber to increase to 65%;Proportion of new product production value to increase from 20% to over 28% and main pollutants emission to decline 10%. 

He suggested to improve operating profits by internet thinking. Under the guidance of "Made in China 2025"plan, Hengyi Petrochemical adheres to the operation principle of innovation-driven, intelligent transformation, foundation reinforcement and green development, to realize the transition from extensive form to technological innovative form by broadening the management concept, recruiting global talent, strengthening the basic research and input.