6/13/2008 2:42:00 PM
China´s inflation eased in May, a welcome trend that analysts said would continue for the rest of the year as food prices had started falling after surging over the past year. The consumer price index (CPI), the main gauge of inflation, rose 7.7 percent last month, marking its first signifi…
6/13/2008 2:39:00 PM
China recorded 870.4 billion yuan (124.3 billion U.S. dollars) in retail sales in May, a growth of 21.6 percent on the same month of last year, the National Bureau of Statistics said on Friday. The total included 594.7 billion yuan in urban areas, up 22.3 percent, and 275.7 billion yuan in areas at o…
6/12/2008 1:17:00 PM
China´s government still needs to raise the interest rate following the harsher-than-expected increase to the reserve ratio requirement, amid efforts to effectively curb inflation, according to the Bank of China (BOC). The government should stick to tight monetary policy and raise the inter…
6/12/2008 1:08:00 PM
China´s consumer price index (CPI), the main gauge of inflation, in May was 7.7 percent up from May last year, the National Bureau of Statistics (NBS) said on Thursday. The figure, compared with 8.5 percent in April and a 12-year-high of 8.7 percent in February, was broadly in line with mos…
6/12/2008 1:05:00 PM
The Agriculture Department of Shandong Province recently held a symposium on the cottonseed subsidy scheme, which has been successful in helping maintain the profitability of growing cotton. For 2008, the subsidy covers 420,000 hectares, with the average plot at .26 of a hectare -- this covers 23 cou…
6/11/2008 1:37:00 PM
Declining in step with continued consolidation in the broader textile complex described here, 2008 Japanese yarn production is down from prior-year levels. Over the first four months of the year, output of cotton yarns fell -14.6% from the same period in 2007, steeper than the year-to-date declines i…
6/10/2008 1:53:00 PM
China can increase social and infrastructure spending to support its economic expansion should the global economy slow "more than expected," the Organization for Economic Cooperation and Development said. China´s gross domestic product growth "is expected to slacken further o…
6/10/2008 1:42:00 PM
Chinese investors in Vietnam are facing troubles amid the market turmoil in that country. Many of them have had to convert their dong holdings into US dollars for fears of further depreciation. Some are facing labor unrest, with workers asking for pay rises to tackle the rising inflation. But most do…
6/10/2008 1:37:00 PM
At the close of week ending June 6, domestic cotton prices within China weakened slightly. The steady approach of loan repayment deadlines by the Agriculture Development Bank has triggered increased liquidation of inventories. The sharp decline in international values last week, which stimulated offt…
6/6/2008 2:52:00 PM
Private discussions across China´s Xinjiang Province suggest that 2008/09 acreage devoted to ELS seed varieties have sharply declined, dropping by as much as 50 percent due to lack of crop profitability. Several of the largest growers either cut ELS acreage 50 percent this year or did not p…
