U.S. President Barack Obama will embark on his first Asian trip next week, with analysts saying Asia is weighing increasingly heavily on U.S. foreign policy. The tour will start in Tokyo and conclude in Seoul, with stops in Beijing, Shanghai and Singapore. While in Singapore, the U.S. president is scheduled to attend the Asia-Pacific Economic Cooperation (APEC) summit, as well as his first ever meeting with leaders of the 10 Southeast Asian nations that make up the Association of Southeast

The on-going Canton Fair, China' s largest trade fair in the southern Guangzhou City, has for the first time attracted a U.S. real estate company. The Bay Realty Group, Inc. rented three standard booths for the exhibition. "We are the first U.S. real estate company to the fair, but we will not be the last one," said Johny Wang, vice President of the company. "The huge potential of the Chinese market encouraged us to make the crucial step." More than 380 enterprises from 35 countries and

The latest release of "2009 China Luxury Forecast"shows that while the financial crisis is leading a general decline in demand for luxury brands in Europe, America and Japan, the global economic downturn has had limited impact on Chinese luxury consumption and that there is widespread confidence in the future among Chinese luxury consumers. The 2009 China Luxury Forecast interviewed 1,000 luxury consumers with an average annual income of RMB 240,000, from a total of 21 cities including Bei

Ahmedabad: The coming year will see Gujarat's textile industry undergo a major transformation. Automation will be introduced at various levels to tackle labour crisis and churn out quality products. More automation, cluster approach in the offing The Gujarat textile industry, especially in Ahmedabad and Surat, is poised for greater automation in the coming year. "An acute shortage of workers is the main reason for the textile units in Surat opting for automation. This will reduce the requir

KARACHI: The strong presence of China is blocking the growth of Pakistani exports to Australia. Except rice, the red dragon of the east is the main supplier of those products, which are Pakistan's top exporting products, a study of Trade Development Authority of Pakistan (TDAP) revealed. China is the major competent in the products of bedwear and towels and has captured around tow-third of the Australian market. In case of towel, Bangladesh is enjoying a duty free market access, where

CEO Willem van Walt Meijer of Mid Ocean Brands, a European high-end gift and business gift company, didn't lead his purchasing team to China this year until November, only a month away from Christmas. Headquartered in the Apeldoorn Area of the Netherlands, Mid Ocean Brands is an international company with more than 40 years of experience in the industry, importing and wholesaling gifts and wares, supplying a product range of approximately 4,500 different promotional gift items mainly in Eu

A CHINESE textile group plans to buy a controlling stake in John Master Industries Bhd, a Malaysian clothing maker and property group, in a reverse takeover valued at RM328.1 million. John Master will issue new shares, convertible bonds and make a rights offer to acquire Be Top Group Ltd, the holding company of China-based fabrics maker Top Textile (Suzhou) Co, the Kuala Lumpur-listed firm said in a statement today. Be Top’s owners, brothers Pan Ding and Pan Dong, will own as much as 42

Shanghai Century Star Import & Export Corp, a unit of state-owned China National Garments Group Corp, is in talks with French attire maker Pierre Cardin to take over a license in the country, according to a company statement released yesterday, the Shanghai Daily reported. The Shanghai-based company reached an initial agreement with Pierre Cardin for the deal in June and won approval from Chinese regulators earlier this month, becoming a qualified investor for the deal. Final talks are sti

NEW YORK, NY - The winter 2010 Home Textiles Market Week? is offering a full slate of activities to complement product offerings at four locations throughout New York City. The semi-annual market for mid-to-high-end home textiles runs Friday, January 29, through Thursday, February 4, at the New York International Gift Fair? (NYIGF?) at the Jacob K. Javits Convention Center and Passenger Ship Terminal Pier 94, 230 Fifth Avenue and 7 West 34th Street. "We're looking forward to a robust market t

No matter what World Series team you support, a clothing company has your colors. Drawing a quote from the movie "A League of Their Own," a company has designed a line of shirts for Philadelphia Phillies and New York Yankees alike, reminding fans that "there's no crying in baseball." Vintage Blue designs these shirts and other sports-themed clothing to make attire that has an athletic theme and an original feel. In the past, the company has catered strictly to women, but it decided to a