4/26/2011 10:51:00 AM
The Rieter Group is proposing to separate its Textile Systems and Automotive Systems divisions to create two distinct listed companies with independent ownership and management. The proposal is expected to be approved at the company´s 2011 annual general meeting on April 13. The current Tex…
4/19/2011 10:01:00 AM
Increase by 50 basis points is fourth raise this year in inflation battleBEIJING - The central bank raised the amount of money that banks must hold in reserve by 50 basis points on Sunday - the fourth hike this year - to mop up excessive liquidity and control inflation in the world´s second…
4/18/2011 11:00:00 AM
The new test criteria for product certification under OEKO-TEX® Standard 100 which were published by the International OEKO-TEX® Association at the beginning of the year became mandatory for all certification processes on 1 April, when the three-month transitional period comes to an e…
4/15/2011 10:04:00 AM
China saw a trade deficit of 1.02 billion U.S. dollars from January to March this year, the first quarterly trade deficit in six years, according to figures released Sunday by the General Administration of Customs (GAC). In comparison, there was a trade surplus of 13.91 billion U.S. dollars in the fi…
4/12/2011 10:10:00 AM
The export value of textile and garments in China reached 21.62 billion USD in January, reflecting an increase of 38.58 percent year-on-year, according to the latest statistics released by the General Customs Administration. The growth was 14.9 percentage points higher than the 23.68 percent whole-ye…
4/11/2011 10:12:00 AM
-Hi-tech fiber processing equipmentsChina´s domestic R&D of hi-tech fiber such as carbon fiber, high-temperature resistant aramid 1313, 1314, UHMWPE fiber, PPS, polyimide fiber, basalt fiber and PSA are beginning to boom in recent years. Equipments relative to this field, however, r…
4/8/2011 10:14:00 AM
BEIJING - China will "open wider" to the world by encouraging foreign companies to invest, for the first time, in certain industries under a new draft regulating foreign investment, experts said.The select industries, in the recently released Foreign Direct Investment Industry Guidelines, i…
4/7/2011 10:27:00 AM
China´s 12th Five-Year Plan was released earlier this month during the annual session of the National People´s Congress, the country´s top legislature. It steers the world´s second largest economy towards a path of fairer and greener growth in the next five yea…
4/6/2011 10:04:00 AM
The municipal government of Xinjiang Autonomous Region aspires to initiate 30 major textile programs in the year 2011 involving around four billion CNY of investment. During the 12th Five-Year Plan period, an estimated 116 textile programs will be constructed in Xinjiang involving around 59.2 billion…
