6/22/2011 10:42:00 AM
BEIJING - Lu Zhengwei, an economist at Industrial Bank Ltd who has successfully predicted the central bank´s tightening moves on 13 consecutive occasions, said on Monday that China is likely to raise interest rates again in July. The continuous increases lenders face in reserve requirements…
6/21/2011 1:43:00 PM
---International Cotton Advisory CommitteeAfter seven consecutive months of increase, cotton prices fell in April 2011 and have since stabilized at levels that remain very high by historical standards. This season started with a firm demand from spinning mills, which were looking to rebuild their sto…
6/21/2011 1:24:00 PM
Approved by the General Administration of Quality Supervision, Inspection and Quarantine of the People´s Republic of China(AQSIQ), Standardization Administration of The People’s Republic of China, the new revision of GB 18401-2010 ”National general safety technical code for textile produc…
6/20/2011 10:16:00 AM
ANDRITZ Perfojet, has received three orders from Chinese customers, thus again confirming its position as a globally leading supplier for spunlace technology. Widest hydroentanglement line worldwide for BG Filter GroupBG Filter Group ordered a spunjet line with a width of 6.6 m for the production of …
6/20/2011 10:14:00 AM
Huafon Microfibre (Shanghai) Co., Ltd recently signs two purchasing contracts with Dilo. The contract totally costs EUR 9, 000, 000 and it contains four production lines of special sea-island fibre acupuncture non-woven. Among which, two production lines are used for building six million square meter…
6/17/2011 10:48:00 AM
BEIJING - Energy cooperation between China and Russia is strategically important and beneficial to both countries, but support from the two nations´ top leaders is vital to its development, industry experts said.China, which became the world´s biggest energy consumer last year, pr…
6/16/2011 2:19:00 PM
The municipal government of Aksu, China’s Xinjiang Autonomous Region, recently rolled out the most preferential policies to the end of attracting local textile investment. For the textile companies that invest 10,000 spindles, the government of Aksu will allocate 1.2 million RMB of subsidy to the co…
6/13/2011 10:34:00 AM
BEIJING - China´s imports grew faster than expected in May, indicating the world´s second largest economy´s appetite for commodities remains strong.Imports jumped 28.4 percent year on year to $144.11 billion in May, up from April´s 21.8 percent increase, the Ge…
6/9/2011 10:45:00 AM
The first U.S. Department of Agriculture (USDA) cotton forecast for 2011/12 projects growth in both world cotton production and consumption, with production exceeding consumption for the first time in 7 years. Global production is forecast to rise to a record of about 125 million bales, 10 million ab…
6/9/2011 10:39:00 AM
BEIJING - The economy will maintain its high growth levels and the government still has plenty of room to further tighten monetary policy, World Bank economists said on Wednesday.The economy is predicted to grow by 9.3 percent this year, before slowing to 8.7 percent in 2012 and 8.8 percent in 2013, …
