Chinese textile industry is expected to record a 20 percent rise in value earnings and 10 percent increase in yarn and chemical fibre production in 2006 over last year.As for the exports, a 15 percent growth in textile and garment exports is foreseen.China Textile Industry Association reported that the emphasis will be on industrial restructuring, upgrading and independent innovation.Industry will need to tackle problems like inadequate independent innovation capacity, acute structural contradic

A senior Commerce Official of Chinese Ministry is urging the European Union to reconsider its proposed sanction on Chinese shoes imports.The EU's proposed plan to impose anti-dumping duty on imported Chinese shoes is unjust and lack of legitimacy, said Wang Shichun, Director-General of the Commerce Ministry's bureau of fair trade for imports and exports.He said that the Chinese side urged the EU to consider the reasonable requests of the accused enterprises, fully and reasonably reassess and jud

Experts say that the demand for fine wool apparel has grown dramatically in Europe, which will surely benefit Australia's wool exports.The leading casual wear clothing retailer, Benetton, reports that wool is fast becoming popular and hence, the company is planning to introduce new segments, especially for this wool boom.Major Fashion Designers including Dolce and Gabana, Armani, and Misoni, make use of wool extensively in their collections.The wool market again made strong gains this week, fini

China's textile industry is projected to register a year-on-year growth of about 20 per cent in gross output value, 15 per cent in textiles and garment export, and 10 per cent in yarn and chemical fiber output in 2006, according to the China Textile Industry Association. The figures indicate that the growth of the textile industry will largely remain steady this year. Meanwhile, the association says, acceleration in industrial restructuring and upgrading and independent innovation will be

With China's cotton market shortfallexpected to reach 4 million tons this year, thousands of textile producers are under pressure from rising costs and insufficient supplies of raw cotton materials. Chen Junliang, chairman of the Jiangsu Cotton & Fiber Group in east China's Jiangsu Province said that textile producers have been scrambling for cotton purchase quotas, which are usually inclined to big companies. Du Min, a research fellow with the Rural Economic Research Center under the Mi

Leveling the stiff competition with India, Chinese textile machinery manufacturers keep their prices equal to Indian counterparts. China Texmatech, located in India, the overseas marketing subsidiary of China Hengtina Group (CHG) had sold machines at 20 percent lower prices than Indian manufacturers in July 2005. But now, Chinese machinery is available between prices Rs2200 and Rs3500 per spindle, while Indian machines are pegged at from Rs2400 to Rs3200. Chinese officials said that price

US textile imports from China during February were substantially lower compared to the same month one year earlier according to US preliminary data. Apprehensive over supply disruption and embargoes, importers last year placed fewer orders with China. Shipments in restricted, as well as non-limited categories were all significantly lower compared to last year's surging volumes. Categories restricted under by the China-US textile deal in 2005 have all seen shipments falling. This has come of no s

Trade and currency tensions are quietly rising between China and the United States, and to a lesser extent between China and the European Union. But international trade rules and a tight congressional calendar are limiting the options of politicians and negotiators, who increasingly might want to limit China's exports. Chinese exports to the United States exceed American shipments in the other direction by nearly six to one. That means that nearly across the board, from textiles to steel to pi

Government was having discussions with China to restrict its import of textiles into South Africa.in the event of such a deal being finalised, it will be on a temporary basis, said Elizabeth Thabethe Deputy Trade and Industry Minister.The Industry should be ready to take advantage of such an eventuality if it arises, Thabethe said. Government is putting in efforts to transform textile sector to be able to compete effectively in the global competition. Source:

British Retail Consortium (BRC) released the Retail Sales Monitor (RSM) for the month of February 2006. It stated that the retail sales in UK during February 2006 rose 0.6 percent on a like-for-like basis against a weak comparative in February 2005, when sales had fallen. The three-month trend rate of growth weakened in February to 0.9 percent from 1.1 percent in January for like-for-like sales, but rose to 4.2 percent from 3.6 percent for total sales, reflecting the continued growth of retail s