6/26/2009 1:23:00 PM
China would maintain a moderately loose monetary policy to support economic growth, the monetary policy committee of the People´s Bank of China (PBOC, the central bank) reiterated Thursday. There had been positive changes in the economic situation, but the foundation of a recovery was not s…
6/25/2009 1:26:00 PM
The Chinese government´s fiscal revenue in the first five months of 2009 reached 2.7 trillion yuan (400 billion U.S. dollars), down 6.7 percent from the same period of last year, Finance Minister Xie Xuren said Wednesday. Xie revealed the figure in a report to the ninth session of the Stand…
6/25/2009 9:59:00 AM
Following the annual Congress of the International Wool Textile Organisation (IWTO) held in Frankfurt from June 16th to 18th, IWTO President Guenther Beier issued a statement praising growers and industrialists throughout the wool pipeline for commitments made at the congress to product marketing and…
6/24/2009 11:33:00 AM
Coimbatore (PTI): With the Centre busy formulating a National Fibre Policy, the predominantly cotton-based Indian Textile industry, particularly the Southern region, wants the Government to streamline the roles of Cotton Corporation of India (CCI) and NAFED on the procurement and sales policy. This w…
6/24/2009 11:25:00 AM
World Bank Thursday raised its forecast of China´s economic growth rate to 7.2 percent in 2009 from its earlier forecast of 6.5 percent, as the country´s expansionary fiscal and monetary policies have kept the economy growing respectably. It projects the gross domestic product (GD…
6/23/2009 9:38:00 AM
The international financial crisis has severely affected China´s textile and clothing industry and exports have sharply declined, according to an analysis report recently published by the General Administration of Customs. Although there has been a trend of stabilization and recovery in the…
6/22/2009 1:30:00 PM
The 15th China´s International Chemical Fiber Conference* was held at Hangzhou, Zhejiang Province on Jun 10-12,2009. The theme of the conference is "Financial Crisis and Chemical Fiber Industry". Hundreds of delegates from more than 30 countries took part in, seeking the sustainab…
6/19/2009 10:17:00 AM
Cleaner Production Promotion- Transformation of pretreatment process by making use of advanced technologies and equipments like cold-pad-batch technique, shortened pretreatment process, enzyme treatment, high efficiency washing technique, etc;- Transformation of traditional dyeing process with cold p…
6/18/2009 9:39:00 AM
China´s State Council in late May announced further support policies, including expanded export credit insurance, tax breaks and more financial access to help exporters. The government will provide 84 billion US dollars worth of short-term export credit insurance to trading companies aimed …
6/18/2009 9:37:00 AM
China customs inspection fees on textiles exported between Jan. 1 and Dec. 31, 2009, will be cut by 30 percent in a move to help the sector. The usual charge is 0.15 percent of the declared value of the shipment. The customs figures showed that the country´s exports of garments in April wer…
