7/7/2009 2:08:00 PM
HONG KONG, July 5 (Xinhua) -- Bank of China (Hong Kong) Limited, or BOCHK, will conduct the first cross-border Renminbi trade settlement transaction on Monday, marking the launch of a Renminbi trade settlement pilot scheme, the bank said on Sunday. This is "an important milestone" of the us…
7/6/2009 9:39:00 AM
The Operation Status of the Financial Market in May released by the Central Bank here indicated that in the first five months, China´s financial market generally operated steadily with the market fluidity sufficient in general. Central Bank stated that in May, the circulation of market bond…
7/3/2009 9:20:00 AM
The first textile production facility to produce medical and cosmetic cotton was opened on June 29 in the Ashgabat Textile Complex, the construction and erection of which, was done by a Turkish enterprise. A modern plant has been built for the processing of cotton, which will employ around 140 people…
7/2/2009 2:27:00 PM
Mr. Zhou Ming Jiang, chairman of Hongdou Industry said that the company plans to expand its number of stores to 3,500 in 2-3 years time and all put together they are expected to deliver cumulative annual revenue of 3.5 billion Yuan. It is reported that from the beginning of the second half of 2008, H…
7/2/2009 10:07:00 AM
Based on a rough estimate, China´s external dependence of textiles and garment is about 30-40 percent, from January to May this year, China´s exports dropped by about 11 percent year-on-year, while domestic sales grew 15 percent, the growth of domestic sales made up for the declin…
7/1/2009 10:17:00 AM
A survey released here Tuesday showed that although none of the European companies in China was immune to the financial crisis, most were still confident about the Chinese market. The survey, published Tuesday by the European Union Chamber of Commerce in China in partnership with Roland Berger Strate…
7/1/2009 9:58:00 AM
China is a major player in the clothing market for decades. As a member of WTO, China’s sales have witnessed a dramatic increase. This is mainly due to the increased business from the west. When doing business with China, companies must consider their strengths and weaknesses. Practicing the same bu…
6/30/2009 1:24:00 PM
It is said that the State Council was now incubating a policy to promote the development of Chinese small and medium enterprises (SME), and relevant departments were carrying out discussion to come up with a specific program. The source said that the program was sponsored by Ministry of Industry and …
6/29/2009 1:30:00 PM
Recently, 12 silk textile projects were started up at Zhoucun District, Zibo, Shandong. These projects are totally invested into 820mln yuan, in aim of revitalizing silk textile industry of the area. Zhoucun, reputed as "China Silk Town" and "China Textile Industry Base", has over…
6/29/2009 1:17:00 PM
China´s cotton planting area in 2009 has declined an estimated 11.34 percent from last year, said a report on the official website of the China Cotton Association (CCA).Based on its survey in 13 major cotton-planting areas, including Hunan and Jiangxi provinces and the Xinjiang autonomous r…
