7/11/2007 4:58:00 PM
Pacific Textiles Holdings Limited, a leading manufacturer of customized knitted fabrics announced its annual results for the year ended 31 March 2007 (FY2007). This is the first set of results since the Group’s listing in May 2007. The Group’s competitive edge in manufacturing complex, value-added …
7/10/2007 3:42:00 PM
Xinjiang´s output of colored cotton makes up half of the entire global production, making the autonomous region the world´s largest production base of colored cotton, according to China Colored Cotton (Group) Co Ltd. At last week´s 2007 China International Cotton Confere…
7/10/2007 1:34:00 PM
China will carry out its policy of preferential duties on parts and components imports in 16 key technical equipment fields and the policy will be first implemented on textile machinery, according to the Ministry of Finance. The document on policy implementation details was released recently. From Ja…
7/9/2007 11:11:00 AM
China has removed import tariffs from components of two types of textile machines to encourage domestic textile firms to develop machinery of their own. Tariffs and value-added tax paid by importers of the components will be paid back to the firms and reinvested in research, according to the Ministry…
7/9/2007 10:45:00 AM
China and Pakistan will next month begin reducing tariffs on one another’s imports, in line with the two countries’ Free Trade Agreement (FTA), according to a senior Chinese trade official. Beginning July 1, the two countries will carry out the tariff reduction in two phases, said commerce ministry…
7/6/2007 3:21:00 PM
Although Anhui province is known for textile production and has textile consumption worth nearly RMB 20 billion, home textile manufacturing industry is quite weak here, especially since no famous brand comes from this place. In order to analyze situation of the market, a forum, ’Home Textiles in Cha…
7/5/2007 2:11:00 PM
The tax rebate of textile exports will be reduced to 11 percent from 13 percent from this month, which will mean a 25 percent profit drop to Fomo, a Beijing-based garments company. Senior managers of this export-oriented clothing maker have held several meetings to discuss the impacts from and counte…
7/4/2007 2:47:00 PM
China’s textile and spinning sector notched up profits of 10.43 billion yuan (US 1.4 billion dollars) for January through May, a respectable 50 percent rise in sales from the same period a year ago. Figures provided by China’s National Bureau of Statistics (NBS) reveal a gross return of 291.75 bill…
7/4/2007 1:57:00 PM
China´s primary energy consumption rose by 8.4 percent in 2006, 6 percent more than the growth rate of global consumption, according to a report released by BP on Monday. The world consumption rose 2.4 percent last year, slowing from a rise of 3.2 percent in 2005, according to the BP Statis…
7/3/2007 3:24:00 PM
The central government yesterday granted Macao-based companies larger access to the Chinese mainland market in 11 more industries by signing a new supplement to the Closer Economic Partnership Arrangement (CEPA) with the Macao Special Administrative Region government. The agreement was signed in Maca…
