Although China cannot solely lift the world economy out its current malaise, the nation's current stable growth offers more than just confidence to the world. Despite a troublesome start and headwinds from home and abroad, the Chinese economy ends 2016 on a firm footing, and it looks like growth targets for this year will be met. "Seeking progress while maintaining stability" is the main theme of next year's economic work, as China pledges to ensure its economy operates within a reasonab

Cotton mills in two Chinese provinces have suspended output as part of measures to curb smog that has blanketed the north of the country in the past few days, triggering official pollution alerts, according to an industry website. Mills have stopped buying raw cotton and closed in Hebei province and parts of Shandong, both major growing regions for the fibre, according to a report by Cncotton.com, a government-backed trade website. The report did not say how many mills were affected, nor give d

Teijin Frontier said it has developed INDI5, a synthetic fibre similar to indigo in partnership with Daiichi Gousen and Mitsuke Senkou, both of which are Japanese textile mills of heavy weight fabrics and dyeing. The fabric made from INDI5, is a lightweight indigo like fabric offering comfort, is wrinkle resistant, fast drying and is also fade resistant. The new fibre has been developed through Frontier’s polymer-modification technology, Daiichi Gousen’s weaving technology and Mitsuke Senkou’

Textile exports grew 9.71 per cent to $1.05 billion in November year-on-year driven mainly by value-added products, the Pakistan Bureau of Statistics (PBS) said on Tuesday. Textile export proceeds have been growing for the past two months. Their rise is also evident in rupee terms particularly because of better prices. Apparel Forum Chairman Jawed Bilwani told Dawn that exports rose despite the absence of the government’s support. “We are waiting for the textile package of Rs170bn,” he sai

Textile exports went down by 1.94 percent during five months (July-November) of the current financial year. The country exported textile goods worth of $5.1 billion during July-November period of the FY2017 as against $5.2 billion of the corresponding period of the last year. The country's overall exports are continuously declining from last couple of years due to internal as well as external issue. Overall exports recorded at $8.2 billion during July-November period of the FY2016-17 as ag

Annual growth in cotton output has slowed to 12.33 per cent as arrivals of phutti (seed cotton) dropped during the outgoing fortnight (Dec 1 to 15), dimming hopes of a better cotton harvest this year. The country harvested 10.147 million bales of cotton up to Dec 15, a year-on-year growth of over 12pc, according to figures released by the Pakistan Cotton Ginners Association on Monday. However, phutti arrivals during the outgoing fortnight fell 3pc to 389,490 bales. According to latest esti

China’s largest province Xinjiang in the north west witnessed robust growth in textiles and garments exports reaching 43 billion yuan (6.2 billion US dollars) during the first ten month of this year (Jan.-Oct. period), up 49 percent from the same period last year, according to the customs of Urumqi, capital of Xinjiang Uygur Autonomous Region. Boost in textile and garment exports was seen due to the Belt and Road Initiative, local customs authorities said. The two major markets for Xinji

Achieving $50 billion in garment exports by 2021 is possible if Bangladesh can create an adequate number of skilled manpower in design and provide all kinds of apparel solutions to retailers, a leading garment maker said yesterday. “We can go beyond this level,” said David Hasanat, chairman and CEO of Viyellatex Group, while presenting a keynote paper at a roundtable on '$50 billion export target and the role of CEBAI'. CEBAI or the Centre of Excellence for Bangladesh Apparel Industry was

The textile industry has expressed solidarity with the Centre’s goal to promote India as a cashless economy. Supporting the decision, representatives of the textile industry across the country are encouraging the workers to open bank accounts. As a result, salary payment will be done either through cheque or directly into their bank account. A majority of the workforce has already opened bank accounts, while others are in the process, said the representatives of the textile industry. “The

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Abdul Rauf Alam while speaking to Ambassador of Lebanon to Parkistan Mona El Tannir, urged Pakistan business community to explore the untapped trade potential of Lebanese market. Abdul Rauf also asked the government to take steps to promote greater economic cooperation which will bring masses of the two countries closer. Abdul Rauf Alam briefed the ambassador about the functions of trade bodies in Pakistan and invi