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Hong Kong: Anta on track as net leaps

Anta Sports Products (2020), the mainland's largest maker of athletic shoes, said first-half profit jumped 40 percent as it opened new stores and demand for sportswear rose in China. Net income in the six months to June 30 rose to 608.3 million yuan (HK$689.69 million), or 0.2443 ...

Mainland, HK trade drops 23.6% in first seven months

Trade volume between the Chinese mainland and Hong Kong dropped 23.6 percent year-on-year during the first seven months of 2009, said the Ministry of Commerce (MOC). Trade volume was $88.68 billion during the January to July period, say statistics of the MOC's Department of ...

Hong Kong economy pulls out of recession

Hong Kong pulled out of its deepest recession since the Asian financial crisis in the second quarter, growing by a much faster-than-expected 3.3 percent from the previous quarter, in a further sign the global economy may be on the mend. Official, seasonally-adjusted GDP data ...

China: Consumers are paying higher clothing prices

Over the last three years, retail prices for clothing in China have risen nearly to the level of the monthly income of ordinary citizens. Chinese consumers also pay higher prices than foreign consumers to purchase foreign brand clothes, even if they are manufactured in China. The ...

China: New JACK poised to expand product line

Workers of New JACK Sewing Machine Co Ltd operate sewing machine production lines in a workshop.The Zhejiang-based company has just taken over two German textile machinery businesses Bullmer and Topcut. File Photo The first successful overseas acquisition by a privately owned ...

Hong Kong: Cuts help Li & Fung

Lower operating costs have boosted Li & Fung's (0494) first- half profit by 13 percent. Net income rose to HK$1.4 billion in the first six months from HK$1.24 billion a year ago. Revenue dipped 2 percent to HK$46.29 billion after some overseas customers went bankrupt. Now, Li & ...

Chinese companies face challenges when entering US market

The US market offers many opportunities for Chinese companies but there are challenges they must first overcome, international business experts told Xinhua during the Globalization Partnership Forum in Chicago on Thursday. "Just like US companies have to understand Chinese ...

China eluded by full recovery

The mainland economy still has some way to go before full recovery settles in, economic indicators for last month show, with domestic consumption seen as the main driver for continuous and robust growth. However, tightening measures are not imminent as deflation persists, the bag ...

China: July textile, garment exports down 12.3%

July exports of textile and garment products fell 12.3 percent year-on-year, sharper than the 6.8 percent decline in June, the 21st Century Business Herald reported today, citing an unnamed source. China's textile and garment exports totaled $89.2 billion in the first seven ...

Review of cooperation between Transformer & Meters/Bonwe

The popular movie Transformer 2 arouses the childhood memory of the generation after 1970s. But to Zhou Long and Xu Weidong of Meters/Bonwe, it is a feast of business opportunities. Since the publishment of Transformer 1 in China in 2006, these two people had the idea of ...

China: Shenzhen Export of Textile & Garment Continuous Declining

According to Customs Data, the export of textile and garment in Shenzhen accumulated to 9.58 billion USD from Jan. to July, down 11.8% year over year. The declining trend is continuous in July. There were signs of recovery of export in April and May. The growth rates were 1.2% ...

China: Retailers face discount pinch

Customers shop at the Oriental Plaza shopping mall in Beijing. Major retailers are paying the price for discount sprees and promotional activity in the first half of 2009, with many showing declines in net profits despite higher revenues. The Dalian-based Dashang Group Co Ltd ...

THE ALL CHINA LEATHER EXHIBITION, CHINA INTERNATIONAL FOOTWEAR FAIR (CIFF) AND MODA SHANGHAI

The All China Leather Exhibition (ACLE), China International Footwear Fair (CIFF) and Moda Shanghai, runs September 2 - 4, 2009, in Shanghai New Internation Exhibition Centre. Over the past 11 years it has developed as by far the most important and international trade event for ...

The 11th Jiangsu International Apparel Festival Upcoming on Sep. 9 to 10,2009

The 11th Jiangsu International Apparel Festival will be held from September 10 to 12, 2009. As the one of leading pageant in textile industry, Jiangsu Provincial Government and Jiangsu International Fashion Festival Organizing Committee pay attention to it. In 2009, textile and ...

China outstrips US as Japan's No.1 trade partner

OKYO: China becomes Japan's biggest trading partner in both exports and imports in the first six months this year, as the global economic downturn affected Japan-US trade more seriously, the Japan External Trade Organization (JETRO) said Wednesday. Exports to China fell 25.3 ...

China:Int'l Woollen Knitwear Fair to convene in November

The 8th China (Dalang) International Woollen Knitwear Fair, hosted by China Wool Textile Association (CWTA), the Sub-Council of Textile Industry, China Council for the Promotion of International Trade (CCPIT TEX) and Dongguan Municipal People's Government, and organized by ...

China: Ellassay becomes colour R&D base for women's wear

Shenzhen Ellassay Fashion Industry Co Ltd. joined China Fashion & Color Association (CFCA) as the 47th research base on July 10. Liang Yong, CFCA's executive vice president awarded the plaque "Chinese Colour Research Base for Women's Wear" to Ellassay's board chairman Xia Guoxin ...

China: Baoxiniao to create an elite team of body measurement technologist

In May 2009, Baoxiniao invited senior Italian technologists Antonio Pani and Ermanno Scissa to join the company, forming an elite group of body measurement staff together with Giovanni Neglia, the chief technologist of Baoxiniao. Starting from June, the three people jointly ...

China: A Love Affair With Luxury

While people in the developed world are cutting back on luxury items to make ends meet, the big luxury brands are targeting the swelling wallets of China's nouveau riche to boost sales of their jewelry, clothing, purses and other lifestyle accessories. Still remembering the price ...

China: Prices continue drop, market pressure easing

China's consumer prices continued to fall year-on-year last month, easing pressure for an early "policy exit" to prevent bubbles in the property and stock markets. The consumer price index (CPI), the main gauge of inflation, fell 1.8 percent in July while the producer price index ...
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world

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finance

company

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industry

sports

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