5/22/2009 2:54:00 PM
China´s eastern region, the powerhouse of the country´s economy, reported 6.7 percent of growth in industrial output in April, according to figures released by the Ministry of Industry and Information Technology (MIIT) Thursday. The growth rate is three percentage points higher th…
5/22/2009 2:47:00 PM
According to a report compiled by the China Chamber of Commerce for Import and Export of Textiles, based on customs statistics, the nations imports and exports of textile machinery during January-March 2009 decreased by 56% from the year before to US$1,097 million: imports, US$866 million (down 61%) …
5/21/2009 10:29:00 AM
China´s overall competitiveness in the world ranks 20th, a slight fall of three places compared with last year, according to a new report released by the leading global business school IMD on Wednesday. According to the IMD World Competitiveness Yearbook 2009, which ranks a total of 57 econ…
5/20/2009 10:03:00 AM
China should reform its social security system in a bid to boost domestic demand and transform the growth mode that relies too much on exports, economists said here Tuesday. Vivek Arora, IMF´s chief representative in China, told a financial forum that China will have to rely more on domesti…
5/20/2009 9:50:00 AM
Maintaining a spacious display area of 103,500sqm as last year, Intertextile Shanghai Home Textiles remains the largest home textile trade fair in Asia. Thus far, around 500 exhibitors from 19 countries and regions have signed up for the event including new suppliers from India and Malaysia. Running …
5/19/2009 1:33:00 PM
China will definitely be able to meet the target of achieving eight percent economic growth in 2009, a senior official of the country´s top economic planning body said here Monday. "Judging from the indicators of the first four months, I do believe it is highly possible to achieve an e…
5/19/2009 10:34:00 AM
The office of Pennsylvania Gov. Edward G. Rendell has announced that Orwigsburg, Pa.-based custom clothing manufacturer H.H. Fessler Knitting Co. Inc. will receive a $1.6 million loan from the state of Pennsylvania to renovate its 152,000-square-foot plant. The project, representing a total investmen…
5/19/2009 10:28:00 AM
China plans to raise its annual crude oil processing capacity to 405 million tonnes by 2011, the State Council, or the Cabinet, said on Monday in its restructuring and stimulus plans for the petrochemical industry. That would represent an increase of about 18.4 percent over its processing volume last…
5/18/2009 11:25:00 AM
BEIJING -- Premier Wen Jiabao will attend the 11th summit between China and the European Union in Prague in the Czech Republic on May 20, Foreign Ministry spokesman Ma Zhaoxu said Sunday."We believe the summit would enhance mutual trust and reciprocal cooperation, and push forward Sino-EU relati…
5/15/2009 10:33:00 AM
China remained the largest trading partner in the Los Angeles Customs District (LACD) in 2008, according to a report released Wednesday by the Los Angeles County Economic Development Corporation. Total two-way trade between China and the Los Angeles Customs District was valued at 186.6 billion U.S. d…
