China's exports in yuan-denominated terms slumped 20.6 percent year on year to 821.8 billion yuan (126.3 billion U.S. dollars ) in February, while imports dropped 8 percent to 612.3 billion yuan, customs data showed on Tuesday. The decline in exports widened from a 6.6 percent decrease in January, but that of imports narrowed from 14.4 percent a month earlier, according to figures from the General Administration of Customs (GAC). The monthly foreign trade surplus shrank by 43.3 percent yea

According to the agreement, Kraig Labs will form a subsidiary company in Viet Nam and open an advanced hybrid silk research and pilot production operation. "This agreement represents a major advancement for Kraig Labs and is the successful culmination of two years of negotiations and many more years of scientific research and development," Chief Executive and Founder Kim Thompson said. "It is a key milestone in the advancement of our longstanding business plan to bring these advanced mater

Talking to reporters in Hanoi, Hu said although the global economic slowdown continued in 2015, the two countries’ trade still grew stably and fast. Vietnam is currently the second largest ASEAN trade partner of his country, following Malaysia, while China is the biggest exporter to and the fourth largest importer of Vietnam. China’s statistics show that bilateral trade revenue hit 95.8 billion USD in 2015, a year-on-year increase of 14.6 percent. That included 66.1 billion USD in China’s ex

Chinese textile company Loftex Logistics has acquired a new 53,000-square-foot warehouse in New Jersey to use as its first fulfillment and distribution center in the US. The company, which manufactures and exports home textile goods, paid approximately $12.5 million for the warehouse in Carlstadt, about 15 miles west of New York, according to real estate research company CoStar. The sale was announced at the end of February and the newly constructed warehouse was owned by Sitex Group, a Ne

Brazil has requested Bangladesh to lift its ban on export of raw jute so that Brazilian jute industries can get the item. Bangladesh has kept suspended export of raw jute since November 3 last year in a bid to ensure supply of the fibre to the local jute mills and to implement the Mandatory Jute Packaging Act 2010. In a note verbale issued on Tuesday, Brazil’s embassy in Dhaka informed the Bangladesh foreign ministry that the country was seriously considering to find out alternative source

The local demand of raw jute has increased after making the use of jute sacks mandatory in packaging different agricultural products including rice, say the people related with the sector. “We now need to produce an additional 1.5m bales of raw jute annually as mandatory jute packaging law pushed up demand,” said Mohammad Kefaetullah,a director of the Department of Jute. Before the law came into effect, the jute mills under Bangladesh Jute Mills Corporation (BJMC) and private sector had an

Brisk activity was witnessed on the cotton market on Tuesday as spinners rushed to book quality lint to meet their near-future demand. However, short supply of quality cotton restricted trade volume. Floor brokers said sentiment was induced by global rising trend in major cotton markets, including the US, China and India. The overnight recovery trend sustained itself on strong demand from spinners. According to market sources, a sudden turnaround in world cotton markets influenced the dome

Russia and Turkmenistan held discussions this week to explore possibilities of selling Turkmenistan's textile and cotton products in the Russian market, the Russian Chamber of Commerce and Industry said on its website. During the discussions, the Russian side was represented by the vice-president of the Chamber of Commerce and Industry Alexander Rybakov. Turkmenistan's delegation included its ambassador to Russia Berdymurad Redzhepov, representatives of the Cabinet of Ministers and the Minist

Pakistan’s cotton production during this season to March 1 has decline by 33.85 percent to 9.727 million bales due to pest attacks, inferior inputs and lowering yields which continues to hit the crop. In the same period of last year, it produced 14.705 million bales. According Pakistan Cotton Ginners Association (PCGA) figures issued on Thursday, cotton output reduced to 5.951 million bales in Punjab from 10.741 million bales harvested a year earlier. Sindh’s production dropped marginally to

A Pakistani delegation of 26 members lead by LCCI Senior Vice President Almas Hyder on their return from the six day visit to Iran to explore unmatched business opportunity , who also visit Tehran, Sheraz, Mashhad Chambers of Commerce & Industry, Qom Free Zone and Industries located in TUS Industrial Estate, Mashhad, apart from having B-2-B meetings with their Iranian counterparts and high government officials on their return said that there is high demand of textiles based products in Iran.