Entrepreneurs in east China return to real economy

Workers operate machine tools at a workshop in Linyi, east China’ Shandong Province, Jan. 29, 2012. China’s Purchasing Managers Index (PMI), a preliminary readout of the country’s manufacturing activity, rose to 50.5 percent in January of 2012, the highest level since last October, indicating that a slowdown in the world’s second-largest economy may be stabilizing. (Xinhua/Zhang Chunlei)

 

SHAOXING, Zhejiang, Feb. 3 (Xinhua) — Ji Guomiao has been busily recruiting factory workers for the past week, hoping to run ranks of textile machines at full blast as soon as possible.

The board chairman of Huatong Color Spun, based in the city of Shaoxing in east China’s Zhejiang province, has spent more than 1 billion yuan (158.7 million U.S. dollars) to develop hemp fiber products and apply for related patents.

 

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