11/3/2008 3:17:00 PM
Cotton prices fell, posting their steepest monthly decline in at least 22 years, on concern that China, the world´s biggest user, will curb purchases from the U.S. as global demand for textile products slumps. Overseas buyers canceled orders for 41,300 bales of cotton in the week ended Oct.…
10/31/2008 9:51:00 AM
James A. Morrissey, Washington CorrespondentUS Trade Representative Susan C. Schwab has warned the Chinese government that unless it takes actions to eliminate certain textile export subsidies, she will take an anti-subsidy case to the World Trade Organization (WTO). The threat was revealed in a lett…
10/30/2008 11:25:00 AM
Fully responding the expectations coming from the most advanced textile sectors of the challenging Asian market, SMIT TEXTILE presents the new GS920 series of rapier weaving machines for flat, technical and terry fabrics.These innovative weaving machines are designed according to the newest and compr…
10/29/2008 4:08:00 PM
Facing the financial tsunami, Chinese officials were confident they would be able to deal with the crisis. Observers said the confidence came from an overall and flexible management of the country´s economy. The U.S.-born financial crisis dragged the world economy into a tight spot. The Int…
10/29/2008 4:05:00 PM
China´s share of the world´s combined gross output rose to 6 percent at the end of 2007, compared with just 1.8 percent in 1978 when its reform and opening-up began, the National Bureau of Statistics (NBS) announced on Monday. Fast economic growth over the last 30 years had lifted…
10/29/2008 1:21:00 PM
In the third quarter, the total retail sales of consumer goods reached 7,788.6 billion yuan, a year-on-year increase of 22.0 percent.In terms of different regions, the retail sales of consumer goods in urban areas was 5,316.5 billion yuan, rose by 22.7 percent over the same period of the previous yea…
10/28/2008 1:50:00 PM
The Indian rupee has depreciated to nearly Rs. 50 against the US dollar. But are the Indian exporters rejoicing? No, is the answer to the million dollar question. The reasons are not far to seek. The reason put forth by exporters is that it has come at a wrong time. They do not expect to be rewarded…
10/28/2008 10:46:00 AM
7 textiles parks to be set up under sitp in gujarat these parks to attract an investment of rs. 3,035 crore and generate employment for 98, 000 workers. Shri Shankersinh Vaghela, Union Minister of Textiles said that the biggest achievement of the UPA Government was to turnaround the Indian Textiles f…
10/27/2008 2:30:00 PM
By Xin ZhimingThe fundamentals of the Chinese economy remain sound and the country can cope with the challenges posed by the worsening global financial crisis, central bank governor Zhou Xiaochuan told legislators Sunday.But "we must not underestimate the impact (of the crisis) on China&acut…
10/24/2008 4:17:00 PM
China is to raise the tax rebate for certain textile and garment exports to help producers cope with the paper-thin profit margins squeezed by slacking market demand, yuan´s appreciation and rising production cost. Export tax rebates for some textile and garment items would be increased by …
