The Chinese economy is growing much faster than originally expected and looks like "sustainable", Secretary-General of the Organization for Economic Cooperation and Development (OECD) Angel Gurria said on Friday. After a press conference to present the latest OECD Economic Survey of Estonia, Gurria told Xinhua that the Chinese economy is now growing by almost 7 percent again and it looks like "sustainable", which is very important. Gurria attended the second "1+6" Roundtable on Sept 12 i

Bangladesh’s readymade garment export to its major destinations including the European countries, United States and Canada achieved significant growth in the first two months of the current financial year 2017-18. But the export earnings from the Asian countries including Japan, China and India declined in the period. Experts and exporters say the growth trend is satisfactory and Bangladesh is getting benefits of recent rebound of the euro against the dollar. They also say though China

Intertextile Shanghai Apparel Fabrics, China’s international trade fair for apparel fabrics and accessories, to be held in October will focus on sustainability. The centre of sustainability is the All About Sustainability zone, but eco-friendly products and companies will also be part of Beyond Denim, Functional Lab, SalonEurope and Accessories Vision areas. The show is to be held during October 11-13, 2017. In Beyond Denim zone, Orta Anadolu, Kipas Denim and Soorty Enterprises will all

The textile and automobile sectors in Egypt will attract Chinese investment to exploit the former’s cheap labour, Egyptian minister of trade and industry Tarek Qabil has said. Qabil said this after meeting São Gishang, president of the China Chamber of Commerce for Import and Export of Textiles, during his visit to China recently to discuss cooperation. Chinese company Shandong Rui recently announced its plan to invest $800 million to construct a readymade garments factory in Egypt, an Egypt

Cotton USA to showcase cotton innovation in the global textile and apparel industry at the Premiere Vision Paris beginning from September 19, 2017. Cotton Council International (CCI), Cotton Incorporated and Supima will exhibit jointly at the three-day trade fair to showcase innovation in technologies, fabric blends, performance, design and fashion. The trade fair will be an opportunity to know about the process to obtain the Cotton USA license which is of high value to consumers and can driv

The non-profit H&M Foundation and The Hong Kong Research Institute of Textiles and Apparel (HKRITA) have developed a new technology, a hydrotherm (Chemical) process through which recycle blend textiles can to converted into new fabrics and yarns without losing its quality. Erik Bang, Innovation Lead at H&M Foundation said that they are very excited to develop this technology and scale it beyond the laboratory, which will benefit the global environment, people and communities. For t

At the Munich Apparel Source Fair, organized simultaneously with the Munich Fabric Start Fair, one of the largest fabric fairs in the world, some 14 Turkish firms, under the leadership of the Association of Aegean Exporters (EİB), attended the fair. At the Munich Apparel Source Fair, the EHKİB Promotion Committee Chair Elvan Ünlütürk made a presentation, where she explained the advantages offered by the Turkish textile sector. According to a statement of the Association of Aegean

The world’s top cotton buyers, all in Asia, are flocking to India to secure supplies after fierce storms in the United States, the biggest exporter of the fiber, affected the size and quality of the crop, dealers said. In the past week alone, India, the world’s second-biggest cotton exporter, sealed deals to sell about a million bales to China, Taiwan, Vietnam, Pakistan, Bangladesh and Indonesia - key garment suppliers to brands such as H&M, Inditex-owned Zara and Wal-Mart Stores Inc.

The world's top cotton buyers, all in Asia, are flocking to India to secure supplies after fierce storms in the United States, the biggest exporter of the fibre, affected the size and quality of the crop, dealers said. In the past week alone, India, the world's second-biggest cotton exporter, sealed deals to sell about a million bales to China, Taiwan, Vietnam, Pakistan, Bangladesh and Indonesia - key garment suppliers to brands such as H&M, Inditex-owned Zara and Wal-Mart Stores Inc. Tha

The Ministry of Textiles will receive Rs40 billion worth claims of January 16, 2017 to June 30, 2017 till April 2018 under the prime minister package. In a meeting of Senate Standing Committee on Textile and Commerce, the ministry announced that they have received claims of Rs14.5 billion so far and the government has paid Rs9 billion. The officials said that duty drawbacks on taxes are continuing, while exemption of custom duty and sales tax on import of cotton will be carried out till July