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China’s Industrial Profits Dip 4.9% in October.

By   /  December 1, 2015  /  Other Textile News  /  No Comments

Weifang, China – China Daily reports that China’s industrial profits sharply declined by 4.6 percent year-on-year in October, widening the 0.1 percent drop in September, leading to a further delay in the economic rebound than expected and adding to the corporate debt default risk.

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China’s Five-Year Plan Offers Model of Sustainable, Balanced Development.

By   /  November 13, 2015  /  Other Textile News  /  No Comments

Beijing, China – Xinhua reports that China’s Five-Year Plan from 2016 to 2020, aiming at a more sustainable and balanced way of development, offers a model to be widely discussed by world economists.

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Chinese Textile Firms Look to Thrive in New Hot Spot.

By   /  November 7, 2015  /  Enewsletter, Featured News, Other Textile News  /  No Comments

China / Vietnam – ChinaDaily reports that Vietnam is becoming a “hot spot” for Chinese textile manufacturers when they look to build factories overseas. One of the main reasons is that apparel produced in the Southeast Asian country for the United States market will be tariff-free after last month’s Trans-Pacific Partnership agreement.

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Pakistan Second Phase of FTA with China: MoC Urged to Cut ‘Fair’ Trade Deal.

By   /  October 12, 2015  /  Other Textile News  /  No Comments

Pakistan / China – Business Recorder reports that Pakistan’s industrial stakeholders have reportedly urged the Ministry of Commerce (MoC) to negotiate “Fair Trade Agreement” instead of under-negotiated Free Trade Agreement-II (FTA-II), allowing import of raw materials not finished products.

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Sri Lanka Apparel Sector Enlightened on Chinese Standards.

By   /  October 6, 2015  /  Apparel & Fashion, Other Textile News  /  No Comments

Sri Lanka / China – The Nation reports that three-member delegation representing the Chinese government arrived in Sri Lanka to enlighten the country’s apparel sector on the Chinese National Standards (CNS) for textiles. A conference was organized last week with the participation of the delegation and members of the textile

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China Hard Landing Would Hit HK, Korea, Japan Hardest.

By   /  October 5, 2015  /  Other Textile News  /  No Comments

China / Singapore – A Chinese “hard landing” would have a significant impact on global growth and economic stability, with economies in Asia and major emerging market commodities exporters among the hardest hit, says Fitch Ratings. Besides China itself, Hong Kong, Korea and Japan would be the most affected major economies in the event of […]

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Chinese Company Acquires 12.7% Stake in Masood Textile Mills.

By   /  July 14, 2015  /  Other Textile News  /  No Comments

Pakistan / China – The Express Tribune reports that A Chinese company has acquired 12.7% shares in Masood Textile Mills in a privately negotiated deal, members of the Karachi Stock Exchange (KSE) learned. Zhejiang Xinao Industry, Tongxiang City, has bought 7.6 million shares of Masood Textile Mills, according to the company’s stock filing.

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Technology is More than a Fashion Trend for firms in Garment City of China.

By   /  June 28, 2015  /  Apparel & Fashion  /  No Comments

Dongguan, China – ChinaDaily  reports that Rising labor costs and cutthroat competition are forcing the garment industry in Dongguan to invest in robotic technology to increase the bottom line. High-tech machines from Germany, Italy, the United States and Japan have been installed, along with Chinese lines,

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Chinese Firms Interested in Investing in Vietnam.

By   /  May 12, 2015  /  Featured News, Other Textile News  /  No Comments

Vietnam / China – Vietnam Plus reports that delegation of representatives from 18 companies based in China’s Fujian province met with Binh Duong provincial officials on May 4 to learn about the local investment climate and seek business opportunities.

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Bangladesh Wants China to Give Import Licence to Retailers.

By   /  May 12, 2015  /  Other Textile News  /  No Comments

Bangladesh / China – The Financial express reports that Bangladesh government has worked out a plan to minimize trade gap with China, a senior trade official said. The plan includes persuading China to give import licences to Chinese retailers,

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