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China steps up support for culture industry

China is trying to increase the contribution of culture sector to the national economy while its leadership prioritized cultural development at a key session this month. The output of culture industry is aimed to account for 5 percent of China's gross domestic product (GDP) in ...

Fashion Week brings hope to dying textile industry

The eight edition of the Africa Fashion week in Johannesburg has brought a glimmer of hope to the dying textile industry of the biggest economy in the African continent. Most of the designers who showcased their collections used South African produced textiles and took the help ...

China's textile industrial output up 29 pct in Q1-Q3

China's textile industry posted a year-on-year rise of 29 percent in its industrial output value which hit 3.9558 trillion yuan (623 billion U.S. dollars) in the first three quarters, the Ministry of Industry and Information Technology (MIIT) said Friday. The growth rate is one ...

Samsung Electronics' operating profit grows 13% in Q3

Samsung Electronics, the world's largest maker of memory chips, televisions and flat screens, said Friday that its third-quarter operating profit grew 13 percent compared with three months earlier. Consolidated operating profit reached 4.25 trillion won (3. 85 billion U.S. ...

China mobile phone users hit 952m by Sep

China had 952.31 million mobile phone users by the end of September, the Ministry of Industry and Information Technology (MIIT) said on Thursday. In a statement posted on its website, the MIIT said 12.22 million new mobile phone users signed up in September alone. China's 3G ...

NedGraphics CAD software for Carhartt

NedGraphics Inc, a subsidiary of NedSense enterprises n.v. announces that it has inked a contract with Carhartt for its NedGraphics CAD software suite for design and product development. Expanding their line from the traditional outerwear pieces, Carhartt now offers a complete ...

Using Merino wool Norwegian textile makers win awards

Using Merino wool, two leading Norwegian textile manufacturers have taken out major industry awards in the active/outdoor sector. Both Aclima and Devold are well established design leaders in the growing active/outdoor market but also supply to the important workwear/safety ...

China's 3G mobile phone users exceed 100 million

China's 3G mobile phone users reached 102 million by the end of September, 43.16 million of which used the country's self-developed TD-SCDMA standard, according to the Ministry of Industry and Information Technology (MIIT). Due to the fast increase of mobile phone users, China's ...

Import prices of iron ore fall last week

Inventories of iron ore at 25 of China's major sea ports fell to 93.02 million tonnes in the week ending Oct. 24, according to the Xinhua-China Iron Ore Price Index released on Tuesday. The stock of imported iron ore last week was 50,000 tonnes lower than one week earlier, down 0...

CDB, NDRC to jointly support logistics industry

China Development Bank (CDB) and the country's top economic planner signed an agreement on Tuesday to jointly support the development of China's logistics industry, the CDB said in a statement posted on its website. The National Development and Reform Commission (NDRC) will ...

Gaopeng posts loss due to stiff competition

Gaopeng, which is partly owned by Groupon, reported a net loss of US$46.5 million since it was launched in March in China, forcing it to lay off staff and close its offices. In August, more than 350 employees at Gaopeng lost their jobs nationwide as its expansion into second- and ...

Firms ponder a return to Libya

After the death of ousted leader Muammar Gadhafi in Libya, opinions are divided about the timing for Chinese companies to return to the oil-dependent North African country. According to a report in People's Daily, China's communications giants Huawei Technologies Co Ltd and ZTE ...

Green Gown Award goes to Emma Lynas & Dr Underwood

The School of Fashion and Textiles at RMIT University has won another flagship sustainability award. Following its success with the 2011 Premier's Sustainability Award for Tertiary Education, it has received a Green Gown Award in the Learning and Teaching category. The prize was ...

BMW 9-month sales surpass full 2010 tally

The world's largest premium carmaker BMW Group sold more than 177,000 vehicles on the Chinese mainland in the first three quarters this year to surpass its 2010 full-year tally. The German manufacturer said in a recent statement that it delivered 165,669 BMW and 11,853 MINI cars ...

Oil Surges on European Hopes, China Data

Crude prices surged on Monday as market sentiment turned positive on hopes for a solution to the European debt crisis and expanding Chinese manufacturing data, with the New York benchmark returning back above 90 dollars a barrel. Investors still focused on European news. The ...

Official news websites prepare for IPOs in Shanghai

China's State-owned news websites may prepare to launch initial public offerings on the Shanghai Stock Exchange after getting regulatory approval for listing last week, the South China Morning Post reported on Monday. Measures to rejuvenate the mainland's cultural system were at ...

Google ponders financing buying of Yahoo! Inc

Google Inc is considering providing financing for an acquisition of Yahoo! Inc by another company or a group of bidders, according to a person who has been briefed on the matter. The company may opt not to take part in any offer and hasn't engaged in serious discussions with ...

New service to boost mobile shopping

Scan a product's barcode and your mobile phone will immediately present you with a website where you can order the product, with no need to type in the name or search. It may sound futuristic, but the technology is already in place in three major Chinese cities, with commuters ...

Learn about PRO SIZE sizing box at 5th Aachen/Dresden Conf

Aachen/Dresden Conference will be held on 24 and 25 November and is, as usual, aimed at the decision-makers and specialists in the research and development areas of the textile industry and at the scientific and economic experts. The recurring focal points of the themes at the ...

Demand sees Alibaba spin off Juhuasuan

Alibaba Group, China's largest e-commerce company, will spin off its daily deal website Juhuasuan to tap a growing demand from small vendors who want to sell their products and services online. The Juhuasuan site, Ju.taobao.com, will serve a niche market to help local service ...
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china

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finance

company

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trade

sports

Yao's gift of sport for all
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