5/30/2008 2:17:00 PM
The government´s move to temporarily reduce import taxes on 26 commodities, including food items, medical products and cotton, will help reduce inflationary pressure, analysts said yesterday. The Ministry of Finance said on Wednesday that: Tariffs on frozen pork will be lowered from 12 perc…
5/30/2008 2:12:00 PM
BEIJING -- China is banning the use of ultra-thin plastic bags, or those thinner than 0.025 millimeters, from Sunday in a bid to reduce energy consumption and polluting emissions. However, Chinese shoppers may need a while to adjust to the new rule. "It is a ´habit revolution,&acut…
5/29/2008 1:45:00 PM
The Keqiao Textile Index produced by China´s Ministry of Commerce registered a sharp increase during week ending May 19 when it reached 97.49, which was up from 93.74 the previous week. The index of conditions as of May 26 fell .4 percent to 97.45; however, the raw materials subindex rose 5…
5/29/2008 1:38:00 PM
During the month of April, China´s cotton yarn imports experienced a 14.51 percent year-on-year decline to 79,800 tons, while September 2007 through April 2008 yarn imports dropped 15.72 percent to 523,700 tons. A major downslide in domestic cotton yarn demand and a buildup in unsold yarn s…
5/29/2008 1:34:00 PM
In April, China imported 263,400 tons of cotton worth 438.32 million U.S. dollars. 45.6 percent of all imports or 120,053 tons came from India -- Indian cotton continues to enjoy an excellent reputation in China. The availability of cheaper freight rates as well as cotton quality has helped Indian st…
5/28/2008 3:00:00 PM
In order to encourage use of eco-friendly products, Shenzhen city has organized a cloth bag making competition; the two month long contest began on May 22. The purpose behind holding this event is to involve creative people, who can make the not so popular plain cloth bag, fashionable. The competitio…
5/27/2008 4:37:00 PM
The collapse of the U.S. dollar has boosted U.S. export shipments of all commodities and products to soaring levels, leading to congestion at all U.S. ports. Exporters are having a very difficult time in finding adequate space on vessels to ship their merchandise. Cotton exports are feeling this pinc…
5/27/2008 4:35:00 PM
Shoppers will be charged between 0.2 yuan to 2 yuan for the plastic bags they use, retailers have said, as the national ban on free plastic shopping bags comes into effect on Sunday. Carrefour, one of the biggest foreign retailers in Guangzhou, said its bags can carry up to 7 kg and will cost 0.2 yua…
5/26/2008 5:29:00 PM
Burani Designer Holding N.V. a company offering Italian lifestyle products and services to customers world-wide, announces its results for the year ended 31 December 2007, reflecting a 10.6% increase in 2007 revenues, and a 17.9% increase in revenues net of extraordinary items. The consolidated finan…
5/26/2008 5:19:00 PM
CHINA’S largest city and the hub of its vast textile industry is ready to welcome 100,000 visitors to ITMA ASIA + CITME 2008. From July 27 to 31, Shanghai will host China’s biggest-ever textile machinery exhibition, uniting the ITMA and CITME events to provide a ground-breaking display of latest te…
