China’s new ethylene capacity would likely grow 82% to 17.84m tonnes/year over the next three years with the help of the fiscal stimulus package dedicated to the petrochemical sector, industry sources said on Tuesday. The additional capacity will come from five new crackers and six cracker expansions projects that would be ...

The global financial turmoil has an adverse impact to the entire world economy and to different industries. Being a traditional key industry of China's economy, the textile industry is inevitably affected. How can textile enterprises adjust its direction and strategy to cope with the global circumstances? How to capture the ...

Textile exports are set to languish this year with no signs of a quick pick up, notwithstanding the increase in tax rebates. China on Wednesday raised the tax rebate rates on exports of certain textile and apparel products from 15 percent to 16 percent. It is the fourth time the government ...

China Int'l Fashion Week Models present fashions during the China International Fashion Week (2009/2010 autumn/winter series) opened in Beijing, capital of China, March 24, ...

China has called for ditching the US dollar as the international reserve currency, sweeping away a decades-old system to stabilise the world monetary climate and protect its massive forex reserves. People’s Bank of China Governor Zhou Xiaochuan said he wants to replace the dollar, installed as the reserve ...

China's foreign trade volume shrank sharply in February, according to figures released by the General Administration of Customs on Wednesday. Exports dropped 25.7 per cent year-on-year to $64.9 billion, the largest fall in more than a decade and the fourth monthly decline in a row. Imports fell 24.1 per cent to ...

Cotton futures fell in tandem with other commodities after China, the world’s third-largest economy, quelled speculation that it will add to its stimulus measures. Coffee was unchanged. Premier Wen Jiabao indicated the government won’t boost a 4 trillion yuan ($585 billion) spending plan. The Dow Jones Industrial Average slipped as much ...

China sold abroad 185.1 billion U.S. dollars worth of textiles and clothing (including yarn, fabrics, textile products, garments and accessories) in 2008, a growth of 8.2 percent on the previous year, the General Administration of Customs said on Saturday. But the growth rate was 10.7 percentage points below the year-earlier level. The ...

Support plans for the machinery and textile industries have been drafted and will be submitted to the State Council, the Chinese cabinet, for discussion, according to a media report. The Shanghai Securities News reported Tuesday that the machinery part of the plans aims to reduce reliance ...

BRUSSELS, Jan 31 (AFP): China and the European Union set aside past differences yesterday and vowed to work together to confront the global economic crisis and climate change. After talks in Brussels, Chinese Premier Wen Jiabao and European Commission President Jose Manuel Barroso also announced that a major summit, dropped ...