Supported by supply-side structural reform and positive changes in economic dynamics, China's economy is heading toward stabilization, a Chinese economist said Tuesday. Despite headwinds at home and abroad, China's economic growth has remained in a reasonable range this year, paving the way for further stabilization, said Wang Yiming, deputy director of the development research center of the State Council. In an exclusive interview with Xinhua, Wang said the Chinese government's supply-s

The Argentinian Ambassador, Ivan Ivanissevich, recently made a visit to the Karachi Chamber of Commerce & Industry. In a meeting held, he emphasized that Pakistani businessmen and industrialists should focus on penetrating into the Argentinian market by efficiently competing with their counterparts from India and China etc. He said that 60 percent of Argentina's textile products were being imported and the remaining 40 percent were being produced locally whereas the textile clothing impor

The supply crunch in the textile industry had driven up prices higher than international prices and since the traders are unable to meet obligations, buyers could look to other markets. Cotton prices across the country are ruling high on subdued arrivals. The lack of demand in the apparels industry has also impacted arrivals and although farmers are getting high prices, they prefer to hold back because of the currency shortage in the market. India is the world’s largest producer of cotton

The textile industry representatives are hopeful of revival of business once the cash flow begins in the market. Textile sales had gone down by around 50-60 per cent after the scrapping of high-denomination Indian currency notes on November 8. This announcement by the Central government had applied brakes on textile sales in the initial period. “Surat generally gets bulk orders from various parts of the country. Demonetisation has badly affected our business dealings. Consumers are spending

The Egypt Government’s policy of developing 10 industrial areas allotted to textile and clothing manufacture gets an impetus by the announcement made by the minister of Trade and Industry, Tarek Kabil. According to the announcement,the Ministry of Trade and Industry will provide 1m sqm of land for textile and clothing industries in Badr City in December as part of the government’s plan.The development of the industrial areas will take place within a time period of 5 years. Kabil said that

Indian government has extended the export entitlement quota for readymade garments & knitwear, yarn, and fabrics & made-ups to the US, Canada and European Union for one year with effect from January 1, 2017. This policy was initially introduced by the government for one year with effect from January 1, 2005, and has been extended since then. The previous extension of the residuary provisions of garments and knitwears export entitlement (quota) policy and yarn, fabrics & made-ups

Many textile and garment enterprises are investing in textile and dyeing complexes to ensure material for sustainable development, Vietnam Television (VTV)reported recently. To avail themselves of business opportunities from the Trans-Pacific Partnership (TPP) agreement, many textile and garment firms have over the past two years started building textile and dyeing complexes. For instance, 10 enterprises have invested hundreds of millions of US dollars in those complexes in southern Binh Duon

CHINA’S stabilizing economy has bolstered household confidence and raised companies’ expectations of hiring more workers next year, separate surveys showed yesterday. The China Wealth Index, which is compiled every two months by Bank of Communications and research firm Nielsen, rallied to 140 in November — a record in the survey’s history as it rose 5 points from September. A reading above 100 reflects optimism among nearly 2,000 households interviewed. “China’s economic growth has stab

Pakistan is expected to produce 10.542 million bales (1 bale=170 kilograms) during the current season, according to the Cotton Crop Assessment Committee (CCAC). The estimates were released during the third meeting of the CCAC held on Monday under the chairmanship of Federal Secretary of the Ministry of Textile Industry Hassan Iqbal. Representatives of provincial governments of Sindh and Punjab, cotton growers, the Trading Corporation of Pakistan, the Karachi Cotton Association and the Pak

Cotton prices in the Brazilian market resumed increasing trend in later part of November. In the first fortnight of the month, cotton prices increased slightly but stabilised in mid-month, only to again see rising trend in end of November, Center for Advanced Studies on Applied Economics (Cepea-Brazil) said in its latest fortnightly report. The scenario prior to the end of the month was linked to the gap between bidding and asking prices, which, in turn, was related to the quality of the cot