Increase in yarn production of China has been pushed beyond Shandong province with a record new fixed asset investment entered upon China? cotton textile industry in 2005.During 2004, and even 2005, Shandong was the center of China? growth in yarn production.The largest textile group of China is based in Shandong. This group has successfully utilized Hong Kong? capital markets for growth.Hebei and Guandong provinces have led the fastest expansion from August to November production of yarn with 4

A slump in demand for cotton denim fabric has not only affected the orders of the local US producers and apparel makers but also has considerably decreased their demand for cotton denim fabric.Cotton denim industry in the US, exports fabric to Mexico, Guatemala and Colombia. US manufacturers exported 179.52 million square meters of fabric in 2004.As demand for denim products within the US markets has gone down, the situation has affected demand from US mills for cotton denim fabric imports and d

Ministry of Commerce (MOC) of the People's Republic of China informed that Vice Minister of Commerce (MOC) Yi Xiaozhun, who attended the 6th WTO Ministerial Conference, signed with Pyatnitsky, Ukraine's senior deputy economy minister Ignaschenko, the China-Ukraine Bilateral WTO Market Access Agreement in the morning on December 16, formally ending the negotiation on bilateral market access. In the process of negotiation, Ukraine recognized China's complete market economy status and positively re

Ministry of Commerce (MOC) of the People's Republic of China informed the trade results of Jiangsu with ASEAN during January to November 2005.Imports and exports of Jiangsu with ASEAN were US$20.66 billion, up by 43.3 percent in January through November, accounting for 10 percent of total imports and exports of Jiangsu.Export was US$8.66 billion, up by 44.9 percent, and import was US$12 billion, up by 42.1 percent. During the tenth five-year planning, bilateral trade between Jiangsu and ASEAN de

The United States Department of Labor released the Producer Price Indexes (PPI) of November 2005.The Producer Price Index for Finished Goods declined 0.7 percent in November, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported. Prices for finished energy goods decreased 4.0 percent in November, following a 4.1-percent gain in the previous month. Leading this downturn, the residential natural gas index fell 0.5 percent, after rising 12.7 percent in October

The Textile Ministry alongwith Industry bodies like the the Federation of Indian Chambers of Commerce and Industry, the Associated Chambers of Commerce and Industry, Confederation of Indian Textile Industry are of the view to halve the duty on man made fibre (MMF) to 8 percent to make it more profitable. The Finance Ministry is looking at the pre-Budget proposals from the Textile Ministry demanding duty cuts on MMF. Charging excise duty of 16 per cent on MMF and optional duty of 8 per cent has a

Macau Statistics and Census Service specified that in October 2005, Macao's total value of exports amounted to MOP2.14 billion, up 13.2 percent over the same month of 2004.Among this, the value of domestic exports increased 9.7 percent to MOP1.60 billion and the value of re-exports rose 25.1 percent to MOP537 million. Value of imports amounted to MOP3.08 billion, up 29.0 percent over the same period of 2004. A trade deficit of MOP940 million was recorded this month. During the period of January

Surging pullovers from China accounted for one-third of the EU market in the first nine months of 2005. The new limit imposed on China could however quickly fill in the next year, leaving European buyers seeking alternative suppliers. Leading producers such as Bangladesh and Turkey have struggled against China this year and will be hoping for improvement in 2006. Despite being embargoed in July, latest European Union data confirm imports of Chinese pullovers dominated the market in the first th

Finance Minister P Chidambaram has received a unique plea from the footwear industry. The industry has demanded a similar taxation policy for both garments and footwear as they are considered an integral part of a person? attire. While footwear attracts 16% excise duty and 12.5% Value Added Tax (VAT), garments enjoys excise duty exemption and attracts only 4% VAT. The footwear-makers are also hit by unwillingness of certain states to implement VAT. The main production of footwear is in UP and Ta

Indicating a fall in raw material prices and continued overcapacity, a survey shows drop in prices of global polyester staple from their October levels.Apart from China, Asian market showed much weakness in prices.In 1.4/1.5 Denier, average US cents per pound price is 48.00-52.00 US cents per pound in December, which declined from October highs of 51.00-58.00 US cents per pound.Market is facing big challenges from Taiwan and South Korea due to their overcapacity. Though, decrease in production f