2/7/2012 1:54:00 PM
IMF also downgrades prospects for global economy because of euro crisis BEIJING - The International Monetary Fund (IMF) has cut its forecast for China´s 2012 economic growth to 8.25 percent from the 9 percent projected in September, and it warned that exports would be a significant drag on …
2/6/2012 2:22:00 PM
China´s domestic market has been an important driving force that promotes the development of Chinese textile industry. Although both domestic and overseas markets grow fast in 2011, they give less support to the textile industry. Experts in textile circle predict that the Chinese textile in…
2/6/2012 2:15:00 PM
BEIJING - China´s economic growth will decelerate to around 8.1 percent this year and edge up to 8.7 percent in 2013, Stephen Green, economist with Standard Chartered Bank (China), said Saturday.He said in an interview with Xinhua that China´s manufacturing activity is far from op…
2/2/2012 1:39:00 PM
On January 6, 2012, Taikang Hongmin textile industrial cluster project laid the corner stone in the industrial park of Taikang County, Henan Province. The project will cost an investment of CNY 10 billion and cover a land area of 3.33 million square meters. It is designed to take over the textile pro…
1/31/2012 10:16:00 AM
A signing ceremony is recently held between Zhejiang Xingsheng Holding (Group) Co., Ltd. and Qinzhou Municipality in Guangxi on a pulp – fiber integrated project. The project will be located in the Pulp – Paper Industrial Park in Qinzhou Port Economic Development Zone. With a planned investment of …
1/30/2012 10:17:00 AM
Hengli (Nantong) New Textile Materials Industrial Park has recently broken ground in Nantong, Jiangsu Province. It has become the first new textile materials project that costs the largest sum of investment. With a planned investment of CNY 20 billion, the project will be constructed by different pha…
1/29/2012 1:46:00 PM
The first automatic package and beam dyeing system in China, which is developed by Shandong Companion Group, has been put into industrial production. In December 2011, Luthai Textile Co., Ltd. signed letter of intent with Companion Group on investing CNY 50 million in purchasing this advanced energy-…
1/19/2012 11:27:00 AM
China is doing more to promote and develop its cotton-planting operation in four African countries, the Ministry of Commerce said on its website recently. China will provide seeds, machinery, fertilizer and other materials to help promote cotton planting in Benin, Mali, Chad and Burkina Faso. Experts…
1/13/2012 1:31:00 PM
Sinopec Yizheng Chemical Fiber Co., Ltd. signed a contract with Far East Holding Group Co., Ltd. on December 13. According to the contract, the two parties will invest US$ 250 million in setting up the joint venture – Far East Yizheng Chemical Fiber Co., Ltd., so as to construct the PTA project with…
1/10/2012 2:48:00 PM
On December 9, an expert committee appraised "JWF1562 ring spinning machine" newly developed by Jingwei Textile Machinery Co., Ltd. Yuci Branch. It is reported that JWF1562 ring-spinning machine is a new generation of spinning machine designed for high-end customers, a substitute product of…
