12/23/2009 9:55:00 AM
Monetary policy should be made to meet multiple objectives rather than focus only on fighting inflation, Zhou Xiaochuan, governor of the People´s Bank of China, the central bank, said Tuesday. China´s monetary policy covered four considerations, Zhou said at a forum on development…
12/22/2009 9:58:00 AM
The declining momentum of China textile machinery industry gradually improved slightly since the second half year of 2009. Both production and sales indicated negative growth; however, the growth magnitude is obviously retarded due to the recessed upstream market demand compared with the first half y…
12/22/2009 9:54:00 AM
Indian Company Kiri Dyes & Chemicals Ltd. plans to take over four German sites and 36 international subsidiaries, saving up to 800 jobs in Germany and some 2,000 worldwide. Creditor committees agree to purchase agreement – implementation due in January 2010.Operations at DyStar Textilfarben …
12/21/2009 10:04:00 AM
China´s economic data for November, with some key indicators beating market expectations, have sent clear signals that China´s economic recovery is accelerating and broadening. As a "rainbow" of the recovery emerges at the end of 2009, China has been won applause at home…
12/21/2009 10:00:00 AM
China´s foreign trade is projected to grow 15 percent next year, according to a report released by the China Institute for WTO Studies on Friday. The report forecasts imports to increase by 15 percent and exports up 13 percent. With the external demand improving and the global economic reco…
12/18/2009 10:11:00 AM
Oerlikon Textile is focusing on the component business and is selling Oerlikon Enka Tecnica with domicile in übach-Palenberg in line with a management buyout. This is the optimum solution for all parties concerned: Oerlikon Textile Components is concentrating on its core competences; due to the …
12/17/2009 6:11:00 PM
According to the data released by General Administration of Customs on December 11, the total value of imports and exports in China´s foreign trade fell 17.5%. Among them, the exports dropped 18.8%, and the imports went down 15.8%. In the first 11 months, China´s accumulated trade…
12/17/2009 6:02:00 PM
The import tariff for fuel oil will be raised to 3 percent and bumped to 6 percent for jet fuel next year, an increase by the Chinese government of 1 percent for both products that could influence domestic oil prices.A foreign oil tank docks at a port in Lianyungang, East China´s Jiangsu pr…
12/16/2009 6:23:00 PM
According to data released by National Bureau of Statistics (NBS) on December 11, China´s industrial output growth accelerated to 19.2% in November year-on-year, whose growth rate increased 13.8 percentage points year-on-year and rose 3.1 percentage points month-on-month. It was the seventh…
12/14/2009 7:27:00 PM
RICHMOND – Universal Fiber Systems, a producer of fibers and yarns for carpet, upholstery, automotive, industrial and other textile applications, will invest $13 million to expand its production facility in Washington County. The project will create 84 jobs. Virginia successfully competed with North…
