1/25/2008 10:42:00 AM
MANILA -- The trade volume between the Philippines and the Chinese mainland last year surged to a record high of 30.62 billion U.S. dollars, the Chinese embassy in the Philippines said on Thursday. The bilateral trade growth in 2007, an increase of almost ten-fold from 3.14 billion dollars in 2000, i…
1/25/2008 9:33:00 AM
Online registrations stream in as international promotional campaign gears upOrganisers of the first-ever combined ITMA ASIA + CITME textile machinery show are aiming for a multinational event – with large numbers of trade buyers from the key textile-producing nations across the whole of Asia among …
1/24/2008 3:22:00 PM
Industrial output jumped 18.5 percent last year, or 1.9 percentage points more than in 2006, Xie Fuzhan, director of the National Bureau of Statistics, said on Thursday. Output at companies with annual revenue of at least 5 million yuan (691,600 U.S. dollars) expanded 17.4 percent in December, compar…
1/24/2008 11:15:00 AM
Austria-based viscose fiber producer Lenzing AG plans to invest 151 million euros (US$221.8 million) to expand capacity at its two largest production facilities, located in Austria and Indonesia. The company will invest $45 million euros (US$66.1 million) to add 15,000 tons of capacity at its largest…
1/24/2008 11:05:00 AM
U.S. textile mill output fell sharply by 12.1% last year (2007). The drop in output was the largest since the U.S. government began publishing production data on the topic in 1972.New figures from the U.S. Federal Reserve reveal that U.S. textile mill (yarn and fabric makers) has plunged by almost 45…
1/24/2008 10:57:00 AM
China´s economy expanded at its fastest pace in 13 years in 2007 even after a slowdown in the fourth quarter, amid rising inflation, official figures showed on Thursday.The country´s Gross Domestic Product (GDP) grew 11.4 percent last year from 2006, to 24.66 trillion yuan ($3.42 …
1/24/2008 10:03:00 AM
Traction Partners of Amsterdam has acquired Diolen Industrial Fibers, one of Europe’s largest producers of polyester fibres with production sites in the Netherlands and Germany.The acquisition will allow Diolen to develop further as a high-quality player on the growing market for technical polyester…
1/23/2008 2:00:00 PM
Prices of consumer goods will continue to rise but at a slower rate, a top official said yesterday. "The growth momentum of overall prices will gradually ease," Zhu Xiaoliang, deputy head of the Ministry of Commerce´s department of market operation regulation, said during an inter…
1/23/2008 1:56:00 PM
China´s currency, the yuan, rose sharply against the U.S. dollar on Wednesday following overnight huge key interest rate cut in the United States. The U.S. Federal Reserve slashed the benchmark federal funds rate by 0. 75 percentage point to 3.5 percent, in an emergency attempt to ward off …
1/23/2008 10:41:00 AM
The National Development and Reform Commission (NDRC), China´s top economic planner, has announced on Tuesday that it will extend a price control policy to fertilizer, a move to protect the enthusiasm of farmers and the country´s food security. A senior official with NDRC made the…
