11/14/2007 5:35:00 PM
The Switzerland-based Rieter Group has signed an agreement to purchase Berkol, the textile components business unit of Switzerland-based Huber+Suhner AG, for an undisclosed price, effective Jan. 1, 2008. The acquisition includes the Berkol business, employees and trademark rights. Berkol will be inte…
11/14/2007 5:34:00 PM
China´s trade surplus hit a new record in October of 27.05 billion U.S. dollars. China´s October imports grew 25.5 percent to 80.7 billion U.S. dollars, while exports increased 22.3 percent to 107.7 billion dollars. The trade surplus with the U.S. was 15.4 billion U.S. dollars in …
11/14/2007 5:33:00 PM
China´s cotton import volume declined to 137,000 tons in October, which was down from 234,500 tons in September; however, imports were up 61.2 percent from year-ago volume. January through October cumulative cotton import volume dropped 37.22 percent from year-ago levels to reach 2,036,300 …
11/13/2007 2:19:00 PM
In a press conference, Liu Jianchao, the spokesman, Foreign Ministry announced that the 18th session of China-US Joint Commission on Commerce and Trade (JCCT) and the Third Sino-US strategic economic dialogue will be held in December 2007 in Beijing. Liu Jianchao said that both the event will represe…
11/13/2007 2:17:00 PM
Cotton-by-product prices have posted major gains this week, with the price of cotton linters leading the rally. By November 6, 2007, the average price for linters soared to 6,359 yuan per ton, an increase of almost 100 percent from the previous year. In Xinjiang, linter prices are even higher, averag…
11/13/2007 2:16:00 PM
China´s consumer price index (CPI),a main gauge of inflation, rose by 6.5 percent in October compared with the same period of last year, the National Bureau of Statistics (NBS) said on Tuesday. The figure was the same as the previous 11-year monthly record set in August, after the CPI eased…
11/13/2007 2:15:00 PM
The Producer Price Index (PPI) for China´s industrial products rose by 3.2 percent in October from a year earlier, the National Bureau of Statistics (NBS) said on Monday. The purchasing price of raw materials, fuel and power rose by 4.5 percent from a year earlier, the NBS said in its month…
11/12/2007 5:26:00 PM
According to the latest published report of National Development and Reform Commission on Nov 6, China’s textile and apparel export from Jan to Aug amounted to USD 111.733 billion, up by 19.46% y-o-y. Due to the drop of export quantity, export growth dropped 5.21 percentage points y-o-y. In the firs…
11/12/2007 5:22:00 PM
KARACHI: Huge potential exists in bilateral trade between Pakistan and China with the former increasing its exports to the latter to the tune of five billion dollars a year under a Free Trade Agreement (FTA), says a study being conducted by WTO Cell of the Trade Development Authority of Pakistan (TDA…
11/12/2007 10:48:00 AM
Loss of China´s textile industry profit reached 42.1 billion yuan (US$5.67 billion) in the first eight months of this year due to monetary factors and trade policy, according to the Beijing Times. Exports growth dropped 5.21 percentage points year-on-year due to lowered export quantity, sai…
