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Premier Li praises transformation of textile company

Updated: Nov 30,2018 12:11 AM

Premier Li Keqiang stressed transformation of traditional industries when visiting a textile company, Luolai Lifestyle Technology Co in Nantong, Jiangsu province, on Nov 29.

Committed to household textile businesses, the company has had the largest market share on similar products within China for consecutive 12 years.

The company has seen a substantial increase in revenue and net margins in the first half of 2018, because of providing a better shopping experience that combines online and offline businesses.

The Premier said although the home textiles industry is deemed a traditional industry, it can go beyond being traditional by enhancing innovation and R&D and meeting upgraded consumer demands.