(China Economic Roundtable) Economic Watch: China's equipment renewal program effectively drives domestic demand

NAMPA / Xinhua

2025-06-05

BEIJING, June 5 (Xinhua) -- Since the beginning of the year, Jiangsu Tengsheng Textile Technology Group Co., Ltd. has been a hub of activity. Their participation in a national initiative has set the textile manufacturer on a promising path for a brighter future. "Upon completion of the renewal, our equipment will achieve a leading standard within the domestic industry," said Chen Guichun, deputy general manager of the company located in east C......

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