How does viscose industry adapt to financial environment under the new normal?.
——Wu Zhiwei, chairman of Hangzhou Tianxiang Investment Co., LTD

Mr. Wu expressed his opinion from 3 aspects: acknowledge of finance, financial environment under the new normal and how does viscose industry adapt to the financial environment under the new normal. 

Wu started its report with the definition of finance, and he pointed out that Internet finance realizes the idea of inclusive finance, allowing ordinary people to participate. As a developing trend in the future trend, its supervision still needs to be improved. 

Then, Mr.Wu analyzed the financial environment under the new normal. China鈥檚 GDP growth gradually slipped to 6.9% in 2015 from 10.6% in 2010, marking the unprecedented long-term and significant adjustment since reform and open-up. Among the demand-driven and finance-carrier service-oriented society, supply-side structural reform begins with de-capacity, de-inventory, de-leveraging, cost reduction and bolster weaknesses. 

After that, he moved on to 鈥渉ow does viscose industry adapt to the financial environment under the new normal?鈥� 1. Standard development. 2. Capacity control. 3. Change earlier ideology that 鈥渄evelopment refers to increase project and expand capacity鈥�. 4. Positive and rational use of financial instrument to heighten the attraction to capital.