7/12/2013 10:32:18 AM
WASHINGTON - China's Finance Minister Lou Jiwei said here Thursday that his country's economy will not take a hard landing and a slower economic growth rate is a necessary phenomenon from economic restructuring."Despite the slowdown of China's economic growth rate, the structural reform is payin…
7/12/2013 10:11:53 AM
According to the statistics of General Administration of the Customs, China imported 345,800 tons of cotton in May, a decrease of 85,100 tons by 19.75% month-on-month and down 155,400 tons by 31% year-on-year.From September 2012 to May 2013, China's cotton import totaled 3.51 million tons, a drop of …
7/10/2013 5:23:18 PM
Comments Print Mail Large Medium SmallNANNING - China is in a phase when it must rely on economic transformation and upgrading to maintain continuous and healthy development, said Premier Li Keqiang on Tuesday."It is very important to plan as a whole the need to stabilize growth, promote eco…
7/9/2013 9:42:30 AM
In April, China's export to ASEAN once again registered a high growth rate up to 71%, in which, the export of textiles and garment grew respectively by 40.6% and 139%.ASEAN has surpassed EU to become the largest market for China's export for two successive months. Among major categories of exported g…
7/5/2013 6:03:29 PM
The sale of OC Oerlikon’s Natural Fibre and Components businesses to the Chinese Jinsheng Group, as announced on December 3, 2012 was closed on July 3, 2013. This opens yet another chapter in the 160-year old history of the Saurer Group. The new Saurer consolidates leading textile brands for both ma…
7/5/2013 9:35:30 AM
Data recently released by National Bureau of Statistics show that the added value of textile industry grew 10% year-on-year in the first five months and 8.9% in May. Source: China Textile Leader
7/2/2013 4:36:40 PM
The quality of imported cotton declined last year, according to a report from the General Administration of Quality Supervision, Inspection and Quarantine on Thursday.Entry-exit inspection authorities inspected 5.28 million tons of imported cotton last year, more than double the weight for the previo…
7/2/2013 4:33:13 PM
The China National Textile and Apparel Council is calling on garment makers to invest overseas to maintain growth.“The industry has suffered sluggish development due to the slowing global economy and rising costs,” said Wang Tiankai, president of the association. Bosideng International Holdings Ltd…
6/27/2013 11:50:42 AM
China's economic growth will pick up in the third quarter despite the recent liquidity crunch, and the government's full-year target of 7.5 percent expansion can be achieved, Bank of China Ltd said in a quarterly report on Wednesday.The GDP growth rate will reach 7.8 percent in the third quarter, wit…
6/26/2013 3:58:44 PM
The People's Bank of China released a circular on Monday morning requiring banks to strengthen management over liquidity. The circular said commercial banks must pay close attention to the liquidity situation in the market. The circular was dated June 17, but was released on Monday. It came after a l…
