8/26/2011 10:35:00 AM
LINDAU, Germany - The Chinese currency renminbi, or RMB, is not ready for rapid appreciation at the moment and the rise of its international status needs "patience," Nobel laureate Myron S. Scholes told Xinhua in a recent interview."Obviously, RMB has to appreciate over time... You kno…
8/25/2011 10:03:00 AM
BEIJING - China´s trade surplus fell to 1.44 percent of the country´s gross domestic product (GDP) in the year´s first half and the proportion is expected to drop further this year, the Ministry of Commerce said Wednesday.China has seen its trade surplus-GDP ratio declin…
8/25/2011 10:00:00 AM
BEIJING - China´s Ministry of Commerce said Wednesday it will try to formally green light foreign direct investment (FDI) in the Chinese currency renminbi (RMB), or the yuan, in September."The ministry has released a draft regulation on cross-border direct investment in RMB and we&…
8/24/2011 10:40:00 AM
17th August, 2011, During conference of foreign trade operation problems and trends, the national development and Reform Commission said, because the domestic workers increasing wages and the appreciation of RMB and other factors, some export enterprises will have transferred their factories to abroa…
8/23/2011 10:37:00 AM
During the period of "12th Five-Year Plan", the textile industry in Henan province will be focused on the followings: (1) Development of sub-industries for garments, home textiles and technical textiles; improvement for upgrading traditional sub-industries for cotton textiles and man-made f…
8/22/2011 10:15:00 AM
China´s textile machinery market has shown a more robust growth since the beginning of 2011. The promulgation and implementation of the Outline of Scientific and Technological Progress of Textile Industry in 12th Five-Years Plan once again puts forward the goal of "Chinese textile mach…
8/22/2011 10:09:00 AM
World turmoil won´t affect China muchBEIJING - The world economy will not experience a double-dip recession and emerging countries, including China, will not be much affected by turmoil in Western markets, a senior economist said on Saturday."Currently, there is no double-dip trend. It…
8/19/2011 10:08:00 AM
China will be the world´s fastest growing market of glass fiber in the future; China´s domestic demand is expected to reach 2.52 million tons in 2015, accounting for 43% of global share. Growth rate of China´s apparent consumption of glass fiber reached 25% from 2004 to …
8/18/2011 10:19:00 AM
A wool textile research institute has been founded in Longkou, Shandong province. At present, most of the top-quality wool is imported. Nearly 80% of the wool produced in China is of low quality, which is an obstacle for the development of the country´s fashion industry, says Song Riyou, ge…
8/18/2011 10:11:00 AM
China´s textile industry posted a 30% growth year-on-year in output in the first half of this year in spite of a raft of challenges, the Ministry of Industry and Information Technology said. Output of the industry hit 2.39 trillion yuan ($370.7 billion) in the first six months, the ministry…
