5/4/2008 1:23:00 PM
The cycle of economic boom in China, the world´s fastest-growing major economy, would last until at least 2020, said an expert with the National Development and Reform Commission (NDRC), the top economic planner. The cycle, which started in 1978 when the reform and opening-up drive was laun…
4/30/2008 3:30:00 PM
China imported 213,221 tons of cotton in March. Indian descriptions accounted for 110,169 tons of the import volume, while the U.S. was the second largest import origin at 67,904 tons. The balance of imports were scattered across a wide cross section of origins. Source： Globecotnews
4/29/2008 5:04:00 PM
Chinese trade in cotton yarns presents a mixed appearance in March, with import and export volumes diverging from year-ago levels. The weakness in China´s textile sector continues to reduce demand for cotton yarn imports. After reaching the lowest monthly level in three years in February, M…
4/28/2008 3:54:00 PM
China’s textile products are losing markets among foreign buyers because of the appreciation of China’s currency, the yuan or Renminbi (RMB), against the U.S. dollar. The textile firms wooing foreign buyers at the 2008 International Textile, Fabrics and Accessories Exhibition held in east China’s …
4/25/2008 4:09:00 PM
It´s a tough choice this year for exporters at the trade fair here: fewer orders or paper-thin profits. The yuan is stronger and the world market is weaker, the result of the unfolding credit crisis. And that´s had an impact on the number of buyers and orders for exporters who are…
4/25/2008 3:59:00 PM
Textile firms, once an export engine of China, are fighting for their survival this year with rising costs and dismal overseas market hit by the subprime crisis. Those firms wooing foreign buyers at the 103rd China Import and Export Fair, the largest trade fair in the country also called the Canton F…
4/24/2008 1:10:00 PM
The stamp tax on share trading will be cut steeply from today, the authorities announced yesterday - in what is seen as an attempt to prevent the fragile stock market from a further slump. The benchmark Shanghai Composite Index has plunged nearly 50 percent since last October despite a rebound yester…
4/23/2008 11:38:00 AM
NANJING, April 22 (Xinhua) -- Commercial banks in the Yangtze River Delta have agreed to build regional financial integration, aimed at a free flow of financial resources to accelerate the already booming economy of southeast China´s economic hub. At the first Finance Forum of the Yangtze R…
4/22/2008 3:43:00 PM
China´s March fabric production increased 14.2 percent to 4.604 billion square meters, the second largest monthly output on record, while first quarter 2008 fabric output was up 9.5 percent year-on-year to 11.859 billion square meters. Cotton fabric output accounted for 6.177 billion square…
4/22/2008 3:31:00 PM
March yarn output in China expanded 10.7% from March 2007 to reach almost 1.8 million tons, led by 37.1% year-over-year gains in Henan Province. While this volume is up from last year, the annual gains gradually have slowed over the last eighteen months, reflecting the government’s efforts at trying…
