3/25/2008 6:23:00 PM
Declining export growth, notably affected by the U.S. credit crunch, is likely to drag China´s GDP growth down to 10.5 percent this year, still above official target of 8 percent, a leading university research paper said on Monday. China´s booming exports are likely to see a sharp…
3/25/2008 6:01:00 PM
While March cotton prices experienced record volatility of over 25 cents in CIF Asia offering prices, polyester staple fiber prices had very limited movement. In the ex-China market in Asia, the price of 1.4/1.5 Den staple fiber prices in March averaged 138 to 142 cents per kilogram or 63.00 to 65.00…
3/25/2008 10:14:00 AM
BEIJING, March 24 (Xinhua) -- Chinese commercial banks will be allowed to trade gold futures in the domestic market, according to a notice released on the regulator´s official website here on Monday. China gold futures trading was launched in January, but domestic banks were barred from tra…
3/24/2008 5:09:00 PM
The Report on International Financial Market 2007 issued by The People’s Bank of China (PBC) on Mar. 19 pointed out that Chinese banking industry furthered its opening-up in 2007. By the end of 2007, the total assets of foreign banks in China reached USD171.463b, up by 47 percent compared with that …
3/21/2008 1:13:00 PM
Rieter, Switzerland, has reported a 34% increase in net profit – up from CHF 157.4 million in 2006 to CHF211.5 million in 2007. Group sales increased by 12% to CHF3.93 billion.Markets served by the group’s two divisions, Textile Systems and Automotive Systems, recorded significant growth. The compa…
3/20/2008 2:23:00 PM
China’s yarn production fell for the third consecutive month, ending at 1.2865 million tons in February. The decrease was a gain of 9.95 percent year-on-year; but at the same time, it was a 234,900-ton, or 15.44 percent, drop from January. In fact, February’s output was the lowest monthly productio…
3/20/2008 2:21:00 PM
Data released by the NBS revealed that cotton fabric output in February 2008 slowed to 1.861 billion square meters, up 17 percent year-on-year but down 2.77 percent from January. This downturn occurred after several months of averaging more than 2.3 billion square meters per month. For the September …
3/19/2008 1:53:00 PM
BEIJING, March 18 (Xinhua) -- China´s annual consumption of renewable energy will reach the equivalent of 300 million tons of standard coal by 2010, which would be 10 percent of its total annual energy consumption, under the renewable energy development plan for 2006-2010. The plan was rele…
3/19/2008 1:31:00 PM
BEIJING -- China´s central bank decided on Tuesday to raise the deposit reserve requirement ratio of commercial banks to a record high of 15.5 percent, the second such move this year.The move was to further strengthen regulation of liquidity in the banking system and lead bank loans to inc…
3/18/2008 3:34:00 PM
U.S. growers with unsold 2007/08 cotton stocks are now facing two costly developments. First is the deterioration of the 2007/08 crop basis by 400 to 500 points in the Delta/Southeast and 900 to 1,000 points in the West Texas region. Second, is the fact that U.S. growers with cotton in the loan will …
