7/3/2007 3:00:00 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…
7/2/2007 3:31:00 PM
Fireworks light up the sky during celebrations marking the 10th anniversary of Hong Kong´s return to the motherland at the Victoria Harbor in Hong Kong, south China, on July 1, 2007.(Xinhua Photo) A 16 million HK dollar fireworks display to mark the 10th anniversary of Hong Kong´s…
7/2/2007 3:16:00 PM
Chinese mills are clearly concerned about the dwindling supplies of local high grades. Imported cotton is also now competitive with local cotton, following the rapid rise in local prices during the past ten days. Most SM 1-1/8" quotes, after VAT and import taxes, are now 250 to 400 yuan per ton …
6/29/2007 11:21:00 AM
Nearly three-quarters of corporate executives expect to increase investment on the Chinese mainland over the next three years after the introduction of a comprehensive bankruptcy law, according to a survey jointly issued by Deloitte China and CPA Australia China Division. The survey of 480 executives…
6/28/2007 10:43:00 AM
China’s decision to cut or do away with export tax rebates for over 2,800 items from July 1 will affect the profit margins of many industries, including textiles.Chinese companies are rushing to meet their export commitments. They are worrying about the future industrial strategy, reports said. &quo…
6/27/2007 2:17:00 PM
AWI Chairman, Ian McLachlan said that the current range of prices for all Australian wools needed to stay strong to encourage the production of Australian Merino wool.Mr McLachlan said at its recent levels, the Eastern Market Indicator encourages the supply of Australian wool.“At around $10.00 clean…
6/26/2007 4:06:00 PM
Techtextil and Avantex 2007 was held in Frankfurt Exhibition Center, Germany on June 12-14, 2007.A delegation from China Textile Leader visited the exhibition and made a coverage of this event.
6/26/2007 3:31:00 PM
Director-General Pascal Lamy, in opening an informal meeting of the Trade Negotiations Committee on 22 June 2007, stressed that “the need now is for urgent action to restore confidence that these negotiations can and will be finished successfully.” He urged Members to “engage fully in the multilat…
6/25/2007 11:47:00 AM
The Census and Statistics Department (C&SD) released June 22 the Consumer Price Index (CPI) figures for May 2007. According to the Composite CPI, overall consumer prices rose by 1.2% in May 2007 over a year earlier, smaller than the 1.3% increase in April. Meanwhile, the Budget measure of rat…
6/22/2007 11:44:00 AM
The National Cotton Council says the World Trade Organization’s Doha Round negotiations are headed down a path that will “practically ensure an inequitable and unfair outcome for the U.S. cotton industry.”In a letter sent today from NCC President/CEO Mark Lange to U.S. Trade Representative Susan S…
