The upcoming release of official Chinese economic indicators will show the country maintained stable growth in the second quarter of 2016, UBS predicted in a report on Monday. The Swiss bank put China's Q2 growth at 6.7 percent year on year, flat with the first quarter. "Property sales may have moderated further and industrial production growth stabilized. Infrastructure investment likely stayed strong to offset downward pressures from still-weak private investment," it said. The foreca

Delegations from neighbouring Benin and Togo which included farmers, government officials, members of parliament and textile industry representatives visited Burkina to see for themselves how Bt. cotton has transformed the economy. Burkina Faso’s yields and farmers' incomes have risen, chemical use is down, and cotton and cottonseed oil have become major exports, after Burkina Faso's recent fiasco over Bt. cotton fibre length - and the decision by cotton companies to slow adoption while the issu

Textile sector triggers worry over the announcement by the Union Government in a special package which allow availing of duty drawback at ‘all industries rate’ for domestic duty paid inputs even when fabrics were imported under Advance Authorisation Scheme. As the generic permission of duty exemption to garments made of all fabrics will only result in even cotton fabrics getting dumped from abroad into the domestic market. Already, the textile mills that produce cotton fabrics and provide hug

Problems of farmers in Pakistan and other developing countries cannot be resolved as long as the farmers are made to compete with heavily subsidized cotton from major players. Pakistan’s Ambassador to the global trade body Dr Tauqir Shah while addressing the special session on cotton at World Trade Organization (WTO) in Geneva said that they call for a swift and speedy action which allows their cotton growers along with textile industry to fairly compete into the world market. At the WTO, Pak

Is the textile industry — which accounts for more than 8pc of gross domestic product and is the largest employer of the country’s workforce outside agriculture — losing its lure? Apparently, it is. The trend when everyone with capital wanted to invest in textile manufacturing because it promised easy profit and clout is reversing fast. There are signs that many factory owners in Punjab are taking money out of their textile business and investing in the fast growing retail markets to cash in

Getting dressed for a date is hard enough. But when you factor in the heat and humidity that comes with summer, finding the right outfit can get seriously tough. So what to wear when the mere thought of slipping on a pair of skinny jeans makes you start to sweat? Have a look at these four different summer date outfit ideas! We chose each one with a 90-degree day in mind. Source: Glamour.

To ensure fair participants can easily identify their target suppliers and buyers, organisers of Intertextile Shanghai Apparel Fabrics, which will be held from October 11–13, 2016, have again created a number of well distinguished product zones. One is the Functional Lab, which will have two pavilions, organised by Invista and Gyeongbuk Natural Color Industry Institute, as well as innovators from China, Hong Kong, Israel, Japan and Korea. Another is the Beyond Denim hall, where American de

Vietnam’s garment and textile industry is targeting to earn an export revenue of US$31 billion in 2016, up 10% against the previous year. The figure is expected to be met in the near future, with motivation stemming from the recently-signed Trans-Pacific Partnership (TPP) and European Union-Vietnam Free Trade Agreement (EVFTA). However, many leading businesses in the sector are facing declines in the number of orders and export prices, which makes it very difficult for them to achieve the

China's Consumer Price Index (CPI) in June is likely to increase 1.9 percent year on year, slightly less than the 2 percent recorded in May, according to an industry report. The official CPI for June is due to be released by the National Bureau of Statistics (NBS) on July 10. The Bank of Communications said in a report that the slowing inflation is due to falling vegetable and other food prices, which account for around one-third of the CPI calculation. The CPI for May grew 2 percent ye

The five heads of state in the East African Community -- Burundi, Kenya, Rwanda, Tanzania and Uganda, last February agreed to introduce a total ban on imports of secondhand clothes by 2019. But as immediate action to help promote local manufacturers, Rwandan has massively hiked import duties on secondhand clothes and shoes, coming mainly from Europe and North America. Rwandan Revenue Agency manager Drocelle Mukashyaka said that the measure takes effect from July 1 2016. Import duty on each ki