China, the world’s largest cotton consumer, reduced imports by 30 percent in October from a year earlier as demand for clothing and textiles slowed, according to China Cotton Association estimates.
It imported 96,200 metric tons, down 30 percent from October 2007, the Beijing-based group said. Imports since the start of the marketing year on September 1 [...]
Shanghai’s key stock index ended lower yesterday following the tumble of the United States market, but the textile sector narrowed the losses on the news of a rise in textile export rebates.
The Shanghai Composite Index dropped 1.67 percent, or 33.71 points, to 1,983.76, after reaching an intraday low of 1,956.73.
Gainers outnumbered losers 435 to 412 [...]
China is set to raise export tax rebates on textile products to 17 percent after the government unveiled six measures to shore up flagging exports on Wednesday, analysts said.
Although the move hasn’t been officially announced, there has been much speculation among industry insiders and experts that higher tax rebates are on the way.
Tags: export, tax, [...]
The textile industry may see tax relief totaling 16.1 billion yuan ($2.36 billion) next year, according to an industry expert, thanks to the upcoming value-added tax (VAT) reform that to be implemented at the beginning of 2009.
Wang Qianjin, chief editor of webtextiles.com gave his prediction in an interview with the Shanghai Securities News published on [...]
Industrial enterprises each with an annual sales income of at least 5 million yuan (733,138 U.S. dollars) in the Chinese mainland posted a year-on-year growth rate of 14.4 percent in value-added output in the first 10 months this year, the National Bureau of Statistics said on Thursday.
The growth rate was 0.8 percentage points lower than [...]
Start Date
31-MAR-09
End Date
02-APR-09
Venue
City / State
Country
Hong Kong Convention & Exhibition Centre (HKCEC)
Wan Chai/Wan Chai
China (Hong Kong S.A.R.)
Event Profile:
The Prime Source Forum is a strategic apparel sourcing platform involving all suppliers to the industry as exhibitors, focused on offering complete purchasing solutions.
Tags: Exhibitions, HK, Textile, trade
