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China to inject 30 billion yuan into major economic development district

The Guangzhou Development District (GDD), the largest of its kind in China in terms of GDP, will spend 30 billion yuan (4.38 billion U.S. dollars) in the coming three years to help thousands of enterprises cope with the global financial crisis. Xue Xiaofeng, director of the GDD ...

Sales Volume in Winter Partially Increased, Price Index Rebounded Slightly

——Brief Analysis on Price Index 20081215 Stimulated by the depreciation of RMB and other good news, the price index of the issue 20081215 of "China·Keqiao Textile Index" rebounded slightly, closed at 92.97 points, up 0.53% than the previous issue. From the first classification, ...

Christmas atmosphere in China

A Santa Claus decoration is seen on the gate of a shopping mall in Guiyang, capital of southwest China's Guizhou Province, Dec. 16, 2008. Christmas lights illuminate outside the Shanghai World Financial Center in east China's Shanghai Municipality, Dec. 15, 2008. A Christmas tree ...

HK: Li & Fung dips about 5% as client files for bankruptcy

Li & Fung slumped nearly 15 percent on Friday, the steepest decline in six weeks, after its US client KB Toys filed for bankruptcy. However, the firm clarified that its exposure stood at about $5 million. Li & Fung, the supplier of toys, clothing and consumer products to ...

HK: AllCAD releases major Service Pack for ProArt & ProLace

AllCAD Technologies proudly announces the release of the FREE Service Pack 2008, which can be installed for all actual program versions of ProArt & ProLace. "AllCAD Technologies Ltd. is committed to provide solutions of superior value to ensure our clients' success. To cope with ...

Hong Kong Young Fashion Designers' contest from Jan-12

The 32nd Hong Kong Young Fashion Designers’ Contest (YDC) will be held 12 January 2009, at the Hong Kong Convention and Exhibition Centre (HKCEC). About 200 entries were submitted for the contest, with 19 finalists showing their collections before a panel of judges last Friday. ...

China: Anti-dumping is the Biggest Trade Barrier for Textile Export

According to Ministry of Commerce, the licenses for export of textile and clothes to the US and EU is going to cancel by Jan. 1, 2009. This means the export of Chinese textile and clothes has no quota limitation next year. In year 2005, with the abolishment of MFA, Chinese ...

HK: New faces help Esprit shares rally

The appointment of a new chief financial officer and chief operating officer at fashion retailer Esprit Holdings (0330) sparked a 13 percent rally in its share price yesterday. Esprit bounced to HK$50.10 after it said Chew Fook Aun will fill the CFO position, left vacant by John ...

Beijing reports slowdown in foreign trade growth

Impacts of the global financial meltdown are becoming apparent in the foreign trade sector of China's national capital, Beijing. The growth rate of imports and exports in Beijing has been declining for six months. For instance, the year-on-year rise in May was 73.1 percent, but ...

China: Sewing success

A dark face with gray hair at the temples, rough, calloused hands wearing a well-worn but clean brown pullover, and his feet in outdated leather shoes, Liu Shuangwu looks like a typical factory worker. Yes, Liu once labored in a factory, but his humble appearance belies the fact ...

Canada's National Sport not so Canadian

Reebok offshores production of hockey equipment to Asia MONTREAL, Nov. 27 /CNW/ - Labour union, UNITE HERE announced today it has launched a cross country campaign to persuade Reebok to bring back to Canada its production of hockey equipment and jerseys. Over the past six years, ...

Artists in luxury sculpt China's new cultural revolution

As China sets out to rebuild its artistic heritage, support is coming from an unexpected source: the global luxury industry. The big brands have targeted China - both for exhibition displays and for collaborations with contemporary artists. When the new 8,000 square meter, or 87...

Moving Your Finger, Textile Supplier's Information is Under Control

No computer needed, no surfing skill required, no time and location limited, if you are a user of China Mobile, you can edit the message "Shaoxing Textile" to "106571888", searching the information of quality suppliers in China Textile City. Then, click to the message/WAP website ...

China Planner Offers Details on 4 Trln Yuan Stimulus Package

A senior Chinese planning official told reporters here on Friday that the new 4 trillion yuan (586 billion U.S. dollars) economic stimulus package includes 1.18 trillion yuan from the central government through 2010. Mu Hong, vice director of the National Development and Reform ...

Hu Urges Revamp of Finance System

President Hu Jintao has called for a reform of the international financial system, as well as global efforts to help developing countries cope with the ongoing financial crisis. "Reform of the international financial system should aim at establishing a new international financial ...

Li Long Textile stays firm in polypropylene industry

China textile industry is going through a rough patch and exports have weakened due to global recession and related problems. Polypropylene industry is also experiencing similar pressures. With downstream buyers adopting the hand-to-mouth attitude, the manufacturers are high on ...

Govt announces procuring of cotton 3 times in current season

In order to help farmers clear their over loaded warehouses from stocks of cotton from this season the government has announced procuring cotton from markets and farmers three times in the current cotton season. This is being done with a dual purpose of stabilizing the cotton ...

China Merchants Bank says loan growth slowing

China Merchants Bank, the country's sixth-largest lender, said its loans to individuals would grow slowly for the rest of the year and into next year because of the weakening economy. China Merchants Bank said it extended 28 billion yuan ($4.1 billion) in new loans to individuals ...

Financial storm brings on China's 'New Deal'

While China's successful story of weathering the 1997 Asian financial storm is still fresh in minds, the country is trying to repeat the feat once again, this time, on a much grand scale, a much faster fashion and against a much worse crisis. The State Council, or the Cabinet, ...

Troubled economy drags down China's power consumption

China's power consumption stood at 269.85 billion kilowatt hours (kwh) last month, down 3.7 percent compared with October last year, the first year-on-year monthly decrease since 1999. According to the China Electricity Council (CEC), electricity consumption was 2.9 trillion kwh ...
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