6/7/2011 10:25:00 AM
Aggregate import and export value of China textile machinery industry in 2010 reached 6.059 billion USD, rising by 59.04 percent year-on-year. Of which, export turnover was 1.757 billion USD, increasing by 45.07 percent from the previous year with growth velocity surging 73.67 percentage points. Impo…
6/7/2011 10:09:00 AM
BEIJING - The People´s Bank of China is likely to increase the interest rates banks must pay on deposits and the amount of money banks are required to hold in reserve to sop up the excess liquidity now found in the economy and slow inflation, said analysts.The changes in monetary policy may…
6/3/2011 10:11:00 AM
China´s top economic planner released a revised catalog recently for technologies and products that the country wants its companies to import in 2011. The catalog singles out technologies and products that will be required by China´s emerging strategic industries, which include hi…
6/2/2011 9:56:00 AM
The municipal government of Xinjiang will be quickening its step on the construction of two major textile bases: Shihezi and Alaer. Shihezi is a sub-prefecture-level city in northern Xinjiang and it is the second largest city in Xinjiang, after Urumqi. Nowadays textile industry is the most important …
6/2/2011 9:55:00 AM
China´s Ministry of Industry and Information Technology (MIIT) said recently that it had set targets for local governments to eliminate outdated industrial facilities in 2011. The MIIT ordered 18 industrial production sectors to cut production levels in 2011. The production cuts will save 2…
5/26/2011 1:40:00 PM
Intertexitle Shanghai Home Textiles Autumn 2011 Fair (ISHTAF) will draw its curtain from the upcoming August 29th to 31st at Shanghai New International Expo Center. On May 11th, the related trade fair committee was in the press interview with China Textile, Textile and Apparel Weekly, Home Textile Ti…
5/25/2011 1:59:00 PM
BEIJING -- China´s consumer price index (CPI), a main gauge of inflation, rose 5.3 percent in April from a year ago, the National Bureau of Statistics (NBS) said on Wednesday. The April figure was down 0.1 percentage points from March´s 32-month high of 5.4 percent, according to t…
5/24/2011 10:03:00 AM
SHANGHAI - China should rely more on adjusting the interest rate than reserve requirement ratios (RRR) to fight inflation, because RRR rises disproportionately hurt private-sector businesses, according to a senior economist. "Increasing the reserve requirement ratio only reduces the amount of le…
5/18/2011 10:53:00 AM
BEIJING - US investment in China dropped sharply by 28 percent, while foreign direct investment (FDI) maintained double-digit growth from January to April, the Ministry of Commerce said on Tuesday.Economists said they believed the US investment decline is temporary, and the Chinese economy, over the …
5/17/2011 10:44:00 AM
BEIJING -- Foreign direct investment (FDI) in China rose 26.03 percent year on year to $38.8 billion during the first four months of this year, the Ministry of Commerce said on Tuesday. In April, the FDI climbed 15.21 percent to $8.46 billion.Source: Xinhua
