10/26/2007 3:57:00 PM
The Chinese yuan appears to be moving into the spotlight. Not only is the U.S. government applying additional pressure on the Chinese government to allow for quarterly appreciation, so is the marketplace. One of the world´s most respected commodity speculators, Jimmy Rogers, announced to th…
10/26/2007 3:41:00 PM
It appears both the size and quality of the 2007 Xinjiang cotton crop will not meet expectations. Given the vast size of the province, it is always difficult to reach a consensus on the crop; however, this season as cotton picking expands, sentiments of lower yields are being supported by price behav…
10/26/2007 3:29:00 PM
China´s consumer price index, a key inflation indicator, rose by 4.1 percent in the first nine months over the same period last year, the National Bureau of Statistics (NBS) announced on Thursday. The CPI eased slightly to 6.2 percent in September after surging to an 11-year monthly high of…
10/25/2007 4:07:00 PM
Oct. 22 - The Europe Union (EU) will lift the quotas of ten categories of textile imported from China starting Jan. 1, 2008, said the Ministry of Commerce (MOC) in Beijing Sunday. According to the memorandum signed by the two parties, the EU will lift quotas on China´s textile exports to th…
10/25/2007 3:59:00 PM
The China Cotton Association (CCA) has forecast the 2007 cotton crop at 7.64 million tons, down 60,000 tons from its August estimate. The association cited reduced production in the provinces Gansu, Shaanxi, Hebei and Shandong. The estimates remain above most private estimates, which are closer to th…
10/25/2007 3:56:00 PM
Chinese products are favored by global buyers at a major important and export fair in Guangzhou, capital of south China´s Guangdong province, despite a few product recalls of Chinese products since this summer. Export transactions at the first phase of the autumn session of the Canton Fair,…
10/25/2007 3:54:00 PM
HANGZHOU -- China´s Ministry of Commerce (MOC) announced on Sunday the establishment of the country´s first-ever textile index system, to better reflect the development of the textile industry and its market. The textile index system is based on data collected by the China Textile…
10/24/2007 5:13:00 PM
China´s domestic cotton prices continue to advance, as buyers still find it difficult to source top-quality cotton. One factor that is causing great concern is found in the province of Xinjiang. For the past two seasons, Xinjiang cotton crops have exceeded expectations, with high grades rea…
10/24/2007 5:02:00 PM
Hong Kong´s overall consumer prices in September rose 1.6 percent over a year earlier, the same as the August increase, the Census and Statistics Department said in a press release Monday. Certain food items showed large price rises, with the price of eggs up 32 percent, pork up 30.4 percen…
10/24/2007 4:58:00 PM
China´s Renminbi (RMB) broke the 7.5 mark to reach a new central parity rate of 7.4938 yuan to one U.S. dollar on Wednesday, according to the Chinese Foreign Exchange Trading System. The yuan, climbing 72 basis points to one dollar from Tuesday, rose a total 3,149 basis points from 7.8087 y…
