Chinese President Xi Jinping has reassured local governments that the economy still enjoys a promising outlook despite downward growth pressure. Xi made the remarks during a discussion with provincial officials after an inspection tour to Jilin from Thursday to Saturday, where he urged the northeastern province to strive for breakthroughs while adapting to the "new normal" of slower economic development. Xi pointed out the Chinese economy is in good condition with unchanged factors, incl

Decline in Short-staple and Draw-Texturing Spindles; Increase in Flat Knitting Machines Shipments in most of the textile machinery segments experienced declines in 2014. Deliveries of new short-staple spindles fell by 15% from 2013 to 2014. Shipped long-staple spindles and open-end rotors increased by 70% and 2.6% respectively. The number of shipped draw-texturing spindles grew by close to 12%. Shuttle-less looms and new large circular knitting machines also dropped by 14% and 22% year-on-ye

According to the latest USDA report, the 2015 US cotton crop is projected at 14.5 million bales, unchanged since May and 11 per cent below the 2014 crop. “Despite a decrease in planted area reported in the June acreage report, expectations for a lower abandonment and a higher yield, offset reduced plantings,” the report said.Favourable precipitation in May and June eliminated drought conditions, particularly in the Southwest, but the rainfall in June kept plantings from reaching initial expec

EU member states have agreed to ban a toxic substance widely found in clothing because it poses an “unacceptable risk” to the environment, according to media reports. Countries unanimously voted in favour of extending existing restrictions on nonylphenol ethoxylates (NPE) to imports of clothing and other textile products. The proposal ban the chemical was brought forward by Sweden in 2013 and backed by scientists at the European Chemicals Agency (ECHA). NPE degrades in the environment i

The readymade garment manufacturers want price hike to remain in business as the production cost has gone up as a result of factory upgradation and also increase in workers’ wages. “Recently, the buyers have become tricky in setting prices of RMG products and introduced cost breakup system,” BGMEA Vice-President Shahidullah Azim told the Dhaka Tribune. They collect prices of raw materials used to make certain products from several manufacturers and set the lower price based on the average

Lower consumption of Cotton will lead to higher ending stocks for both 2014/15 and 2015/16 relative to last month, says the US department of agriculture (USDA) in its estimate for this month’s world cotton supply and Demand. For US, the report keeps cotton production forecast unchanged from last month at 14.5 million bales, as lower expected abandonment and slightly higher yields offset the reduced planted area indicated in the Acreage report released by the National Agricultural Statistics S

A new beginning for silk sector decades after Veneto's last silk mills were closed as a post-war economic boom lured farmers to cities, budding silkmakers - or sericulturists are making attempt to spin a niche around a traceable supply chain of high-quality material. They are nourishing hopes of a revival of Italy's 1,000 year-old silk industry as clusters of silkworms munch on piles of locally-grown mulberry leaves in a white marquee in Italy's northern Veneto region. Giampietro Zonta, a je

The Director General of Foreign Trade announced a new list of textile items eligible for export sops, last week which excluded certain knitted fabrics for concession under the Merchandise Exports from India Scheme. This came as a big surprise for the Cotton Textiles Exports Promotion Council (Texprocil). Knitted fabrics with HS (Harmonized System) Code 6006, which covers most of the knitted fabrics including those with lycra are value added products that are used widely in garments were left

Italy’s Vice minister of economic development, Carlo Calenda, to detail the Ministry of Economic Development's year-long plans to boost Italian exports to the US which will involve "trade shows, special events, incoming services and assistance in Italy and a major media campaign. Italy is said to be announcing a €20 million initiative to strengthen its relationship with the US regarding textiles, fashion and leather goods exports. Italy will be rolling out media campaigns, promotional events

Data released by Customs General Administration shows that China’s imports and exports value in June is 337,487 million USD, rises 5.1% MOM and falls 1.2% YOY. Total imports and exports value from January to June is 1,880,775 million USD, drops 6.9% YOY. In June, China’s exports value of yarns, textiles and textile products is 9,468 million USD and imports value is 1,683 million USD; exports value of apparel and apparel accessories reaches to 15,881 million USD. In H1 2015, China’s total expo