2/17/2009 9:45:00 AM
China imported 304900 tons of wool in 2008, down 8.3%, a reduction of nearly 30000 tons compared with 2007. The import comprised 234200 tons of crude wool, down 10.1% year-on-year; 41200 tons of clean wool, dropping 2.6%; 19300 tons of wool tops, down 7.1%; and 5024 tons of carbonized wool, with a de…
2/17/2009 9:41:00 AM
Xinjiang, China’s leading cotton producer, plans to cut down its cotton acreage to 1.53 million hectares this year and control the output at around 2.7 million tons, aiming at speeding up its agricultural restructuring. The International Cotton Advisory Committee recently said world cotton mill use …
2/17/2009 9:37:00 AM
The Ministry of Commerce predicated that the country’s textile export growth will slow down further in 2009. Statistics from the General Administration of Customs showed for the year 2008 China’s textile exports totaled 185.17 billion US dollars, up only 8.2 percent from a year earlier, and the gro…
2/16/2009 2:22:00 PM
The State Council said on last Wednesday it has approved the stimulus package for China textile industry, which is the country’s traditional pillar industry providing about 20 million jobs but suffered severe difficulties since last year. On one side, the government increases the tax rebate rate for…
2/16/2009 9:56:00 AM
Dar es Salaam -- China will not reduce its aid to Africa, President Hu Jintao made the pledge during his talk with Tanzania President Jakaya Kikwete yesterday.President Hu Jintao (C) and Tanzania President Jakaya Kikwete (3rd from left) review a guard of honour upon the visiting Chinese leader&ac…
2/13/2009 1:44:00 PM
BEIJING, Feb. 13 -- Chinese banks issued 1.62 trillion yuan ($237 billion) in new loans in January, up 101 percent year-on-year, prompting some economists to say the government might not cut interest rates for the time being to boost the economy. The massive jump in lending is equal to about one-thir…
2/13/2009 11:10:00 AM
Guangdong province, the country´s top economic powerhouse, is forecasting 8.5 percent GDP growth this year, a draft government report said yesterday. The report is yet to be discussed by delegates to the provincial people´s congress, which opens today in the provincial capital of …
2/13/2009 11:02:00 AM
Lenzing is presenting an innovative eco denim concept TENCEL at the Parisian trade fairs of Expofil and Texworld, which will take place from 9 to 13 February 2009. An addition of as little as 25 % TENCEL to a conventional cotton denim improves the environmental profile considerably. Replacing cotton …
2/12/2009 1:24:00 PM
BEIJING, Feb. 12 -- A sharp fall in imports and exports in January, which included a weeklong Spring Festival holiday, has both puzzled and alarmed economists. General Administration of Customs figures released yesterday showed exports plummeted 17.5 percent year-on-year, much sharper than the 2.8 pe…
2/12/2009 10:07:00 AM
BEIJING, Feb. 11 -- China will not be able to reduce its savings rate quickly because it is a result of a number of complex factors, the country´s central bank governor Zhou Xiaochuan said Tuesday. "A number of complex factors account for the high savings rate of East Asian economies, …
