In the past 5 years, China's economy has maintained vigorous growth, playing as an active and constructive role in the world. This list shows a set of data which specify China's contribution to the global economy: Global growth, still made in China From 2011 to 2015, China's economic growth has contributed over 25 percent to the global economy. China became the most important engine of the world economic growth, providing a main driving force for global economic recovery. "A few numbers

The Australian Government, Cotton Australia and the Better Cotton Initiative (BCI) have together launched a partnership to support the training of approximately 225,000 cotton farmers in Pakistan, commencing with the 2017 season. The partnership has been established to support Pakistan’s ability to compete in premium international cotton markets. Pakistani farmers will be trained in techniques for growing cotton with a focus on improved environmental, social and economic benefits, in line wi

The European apparel and textile confederation, Euratex, has highlighted the need for European Commission to tackle trade barriers in China and to address sector-specific topics, such as the overcapacities in the man-made fibres and yarns production. Euratex has reiterated that China does not meet the five criteria required to qualify as a market economy. Euratex has welcomed the reflection process carried out by the European Commission over the last months to address the needs of the Europea

In the process of modest trading activity on cotton market on Saturday Cotton prices remain firm. A kind of cautious business was seen on the market as both buyers and sellers preferred to be on the sidelines in the process of trading activity. The official spot rate also was unchanged at Rs 6375, dealers said. In Sindh, seed cotton prices were at Rs 3000-3300, while in Punjab, the phutti rates stayed put at Rs 3200 and Rs 3550, as per 40 kg. Cotton analyst, Naseem Usman observed that some

The Open End Spinning mills plan to stop production from the end of this month with increase in prices of waste cotton, which is the main raw material for open end spinning mills. According to the Open End Spinning Mills’ Association, the price of waste cotton has shot up to Rs 78 per kg this month. Four months ago, price of cotton waste was Rs.60 per kg when the price of cotton was Rs. 146 a kg. Now, cotton prices have gone down to Rs. 112 a kg. But, the price of waste cotton has increase

China's foreign trade situation will remain complicated and grim in 2017 due to mounting protectionism and sluggish external demand, a commerce official said Thursday. The country should shift away from an obsession with fast growth and focus more on structural adjustment while pressing ahead with supply-side structural reform, Sun Jiwen, spokesman for the Ministry of Commerce, said at a press briefing. The country will create "a more law-based, international and convenient business envi

China's foreign trade stabilized and returned to growth in the fourth quarter of 2016, but concerns are looming on rising trade protectionism that is likely to bring uncertainties to the new year's outlook. Total foreign trade value was up 3.8 percent in the last three months of 2016, data from the General Administration of Customs (GAC) showed Friday. For the whole year, total export and import value decreased 0.9 percent year on year to 24.33 trillion yuan, narrowing down from a 7 perc

FOREIGN direct investment in the Chinese mainland kept steady growth last year on the back of strong investment in the service industry. FDI rose 4.1 percent year on year to 813 billion yuan (US$118 billion) in 2016, the Ministry of Commerce said in an online statement. Growth slowed from the 6.4 percent gain in 2015. In December alone, the FDI inflow went up 5.7 percent. Foreign investment in the service industry rose 8.3 percent year on year to 572 billion yuan and accounted for 70.3

THE Chinese economy is likely to hit bottom in 2017 as several factors will combine to support the bottoming process, a Chinese economist said Saturday. If investment, supply-side structural reforms and the fostering of new growth momentum achieve desired results, there is a high probability that the economy may bottom this year, said Wang Yiming, deputy director of the development research center of the State Council. On the demand side, manufacturing investment is on the up, while infras

Prices held the present levels on the cotton market on Saturday in the process of modest trading activity, dealers said. The official spot rate was unchanged at Rs 6375, dealers said. In Sindh, seed cotton prices were at Rs 3000-3300, they said. In Punjab, phutti rates stayed put at Rs 3200 and Rs 3550, as per 40 kg, they added. In the ready session, around 7,000 bales of cotton changed hands between Rss 6500 and Rs 6700, they said Some brokers said that a kind of cautious business seen on th