10/24/2008 3:19:00 PM
Global cotton demand will drop more than expected a month ago as slowing retail sales and tightening credit reduce purchases by textile mills, especially in China, the biggest importer, industry researcher Cotlook Ltd. said. Consumption will drop to 25.15 million tons in the year through July 31, 200…
10/17/2008 1:35:00 PM
European Central Bank (ECB) President Jean-Claude Trichet has said that the rapid growth of the Chinese economy is an important contribution to the world economy and is even more so after the breakout of the global financial crisis. Under the current situation, Europe and the world need more than eve…
10/16/2008 5:00:00 PM
The export target of US $ 160 billion set for the year (2007-08) has been achieved. According to the final figures released by the DGCI & S (Directorate General of Commercial Intelligence & Statistics), the cumulative value of exports for the period April-March 2008 reached a level o…
10/15/2008 5:03:00 PM
BEIJING, Oct. 14 -- China will take multiple steps to combat the falling price of cotton, according to National Development and Reform Committee (NDRC), the country´s top economy planner. Market statistics showed that the purchase price of standard cotton averaged 12,553 yuan per tonne (1,8…
10/14/2008 11:14:00 AM
China´s trade surplus in the first three quarters shrank 2.6 percent, or 4.92 billion U.S. dollars, to 180.9 billion U.S. dollars from a year earlier, despite a jump in September. The September surplus rose 22.59 percent year-on-year to 29.3 billion U.S. dollars, the third month of continuo…
10/13/2008 1:53:00 PM
Chinese Vice Premier Wang Qishan said on Thursday the country is fully confident and capable of overcoming the current economic difficulties, vowing to work closely with other countries to safeguard stability of the global financial market. Wang, in his meeting with former German Chancellor Gerhard S…
10/13/2008 11:33:00 AM
Dry weather has enabled the 2008 cotton harvest to advance in Shandong and across the North China Plain. Approximately 70% of the crop has been picked in the Dezhou City area of Shandong, where growers are hoarding their seed cotton and storing it in their homes and sheds. Farmers have only sold ap…
10/9/2008 2:00:00 PM
WASHINGTON - The world economy will slow sharply this year and next, with the United States likely sliding into recession reflecting mounting damage from the most dangerous financial jolt in more than a half-century.The International Monetary Fund, in a World Economic Outlook released Wednesday, slas…
10/9/2008 1:53:00 PM
Chile and Turkey began their third round of negotiations on inking a free trade agreement (FTA) on Wednesday. The Chilean team was headed by Carlos Furche, director of the International Economic Relations of the Chilean Foreign Ministry, and the Turkish side was led by Cemalettin Damlaci, general dir…
10/8/2008 11:36:00 AM
Switzerland-based Huntsman Textile Effects — a manufacturer of chemicals and dyes for textile processing, and a division of Huntsman International LLC — and Palo Alto, Calif.-based Genencor International — a developer of eco-friendly enzyme technologies — are partnering to develop sustainable sol…
