NewWorld Development Company Limited
EXECUTIVE VICE-CHAIRMAN’S REPORT
34
era. In particular, the harmonious
interaction between mankind and the
nature and the mingling of art and
life will be emphasised in our new
residential and commercial products.
Under The Artisanal Movement,
which marks a new page for the
development of the Group, unique
brand characters will be seen in all
future developments of the Group.
This will be a journey of exploring
unlimited imagination, one that will
gather all of New World Group’s tailor-
made craftsmanship and innovative
living experience in bringing modern
life to a standard close to historic
perpetuity. The characters under
The Artisanal Movement comprise
five major elements: Imagination,
Bespoke, Craftsmanship, Heritage
and Contemporary. Through The
Artisanal Movement, the Group
looks forward to providing customers
with fine living experience with
a mix of superb craftsmanship,
traditional culture and the use of
upmarket materials. The customised
living environment embraced by
craftsmanship and aesthetics, where
dreams come true and imagination
is explored, ideally gives rise to a
type of unique culture and quality of
modern life.
“Fashion is not something that exists
in dresses only. Fashion is in the
sky, in the street, fashion has to do
with ideas, the way we live, what is
happening.” said Coco Chanel, the
renowned French fashion designer
who has created countless classical
mediation of diversity on the back of
the multitude of circumstantial factors
would help in identifying and grasping
the latest development. As pointed
out by Xi Jinping, the President of
China, in understanding the new
norm of China’s economy, the
dialectic relationship among boldness
for reform, boldness for innovation,
stability and prudence, and progress
amidst stability shall be properly
dealt with. In the course of China’s
economic reform and development,
there are both “long-existed stubborn
illnesses” from the past, as well
as “hard bones” and “dangerous
shoals” from the present day and
the future. A “norm” of economic
development standing firmly by
pre-existing achievements and
experience and a “new” pattern of
ongoing exploration and advancement
are both paramount.
Since its establishment in 1970, the
New World Group has encountered
tests and challenges in different
epochs at different stages, gaining
precious experience which provided
a solid foundation upon which the
Group have grown up and prospered.
Amidst evolutions of enterprises
and changes of eras, we are willing
to take one step forward and utilise
our flexible mindset with boldness
and innovation to seek and explore
development opportunities, providing
the best choices to customers and
maximising the interests of our
stakeholders. Creating a better world
with innovation and sustainable
development is our vision in the new
in the market that China’s economy
will gradually achieve stable and
healthy growth through optimisation,
enhancement and alteration. It is
believed that positive effects will be
seen in major industries in the long
run, during the course of China’s
intensified reforms and adjustment of
its economic structure.
In a number of her public speeches,
Janet Yellen, the chair of the United
States Federal Reserve, has conveyed
the message on the impending rise
in interest rate in 2015. In the release
of its September meeting in 2015,
the Federal Open Market Committee
(“FOMC”) suggested that economic
activities in the United States were
expanding at a moderate pace, with
solid job gains. However, as inflation
continued to run below its longer-
run objective, FOMC anticipates
that it will be appropriate to raise
the interest rate when it has seen
some further improvement in the
labour market and is reasonably
confident that inflation will move
back to its 2 percent objective. Once
the United States’ first interest rate
rise in these years is confirmed,
there may be impact on other related
economies. However, the market
will be in a better position to get
used and respond to such potentially
upcoming rate rise, which is generally
anticipated to come in a slow and
orderly manner against the backdrop
of improved economic sentiments.
Confronted by new opportunities
and challenges ahead, the dialectic
