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Chinese investor show keen interest in Pakistan textile sector

Related Keywords: China, Chinese high profile delegation, Chinese textile companies, Department of Commerce, Deputy Director, entering deals with Pakistani businessmen, investors from Shenzhen province, joint venture, purchase of textile raw material, sale of goods, showed deep interest in Pakistani textile sector, visiting Pakistan

Chinese high profile delegation represented by Chinese textile companies and investors from Shenzhen province, led by Deputy Director, Department of Commerce, China Zhang Shaoyun visiting Pakistan, showed deep interest in Pakistani textile sector including entering deals with Pakistani businessmen for sale of goods and purchase of textile raw materials and for joint ventures in this potential sector.

Drop in cotton prices witnessed

Related Keywords: China, conditional import of cotton from India, cotton prices dropped, declining trend in global market, forced buyers to keep on the sidelines, KCA, Process of modest trading activity, seed cotton price, short supply, spot rate lower

In the process of modest trading activity, cotton prices dropped on Tuesday. According to the market sources, conditional import of cotton from India and declining trend in the global market, particularly in China forced buyers to keep on the sidelines. The official spot rate was lower by Rs 50 to Rs 6250.

In Sindh, seed cotton prices were at Rs 2600-3250 while in Punjab, phutti rates were at Rs 2800 and Rs 3500, as per 40 kg, dealers said.

Belt and Road initiative boost Xinjiang’s textile, garment exports

Related Keywords: attracting investment from eastern coastal regions, Belt and Road Initiative, capital of Xinjiang Uygur Autonomous Region, China, customs of Urumqi, exports to Russia, Kazakhstan and Kyrgystan, largest province Xinjiang, rapid growth, set up factories, textiles and garments exports, two major markets for Xinjiang, witnessed robust growth

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.

China offers Bangladesh technology and finance for jute viscose project

Related Keywords: BJMC, building a plant, China, Grasim Industries, import of viscose material, Indian industry on edge, jute, major break through for textile sector, make viscose fibre from jute, MOD signed, offer technology and finance to Bangladesh, regular exporter of VSF, strengthen economic ties, Textile Industrial Corporation of China, Thai Rayon

China has made an offer of technology and finance to Bangladesh for building a plant to make viscose fibre from jute. Viscose made from cellulose fibre found in trees by way of a complex chemical treatment is softer than cotton with good moisture-absorbing properties. This offering by China is done in its pursuit to strengthen economic ties with South Asian countries.

Low & Bonar plans capacity expansion at textile production facility in China

Related Keywords: China, customers in America and Europe, global leader in performance material, keep up with increased demand, Low & Bonar, nonwoven premium brand fabric, plans capacity expansion, produced using a proprietary, recently opened production facility in Changzhou, recognized for Colback brand, spinning of bi-component, two-step manufacturing process

Low & Bonar, global leader in performance material in order to keep up with the increased demand from customers in America and Europe is planning to go for capacity expansion at its recently opened €32 million production facility in Changzhou, China.

The company announced a 60 million sqm capacity expansion at its plant, which opened just six months ago, took two years to develop and currently supplies applications for the flooring, building, and automotive markets (both regional and domestic) in Asia, as well as for air and water filtration.

China becoming a new market for high end fashion

Related Keywords: becoming a new market for high-end fashion, brands like Exception de Mixmind, China, creations top fashion designers from China, Farina.Z. Mention, Jefen, lacks name brands of its own, low and medium end products, worlds biggest textile manufacturer

China as the world's biggest textile manufacturer, especially in low- and medium-end products is also becoming a new market for high-end fashion, but it lacks name brands of its own. However brands like Exception de Mixmind, Jefen, Farina.Z. Mention few people would recognize are creations of the country's top fashion designers. In fact, factories in China churn out clothes for many international brands, including major top-end lines.

China largest investor for flat knitting machines driven by increased demand

Related Keywords: China, driven by increased demand, ITMF, largest investor for flat knitting machines, long staple spindles and open end rotors decreased, shipment grew by huge fifty two percent, shipments for new large diameter circular knitting machines dipped, textile machinery manufacturers

China remained the world’s largest investor for flat knitting machines throughout the year 2015 driven by increased demand. The shipment of electronic flat knitting machines grew by a huge 52 percent to 35,000 units from 19,000 units in 2014.

However, the latest statistics from the International Textile Machinery Shipment Statistics (ITMSS) just released by the International Textile Manufacturers Federation (ITMF) also showed that shipments for new large diameter circular knitting machines dipped by 6% year-on-year to 26,700 units in 2015.

Azerbaijan and China opens a new page in their trade relations

Related Keywords: China, China is a huge opportunity, entered list of top ten trade partner of Azerbaijan, fifty agreements signed, New Silk Road, opened a new page in their relations, priority market for Azerbaijan, second largest economy, trade turnover, Trans-Caspian transport corridor

China, which has the world's second-largest economy, entered the list of the top ten trade partners of Azerbaijan. The country’s investment in the economy of Azerbaijan has reached $300 million since 2002, said Yu Chunchi, Chinese Ambassador Adviser in Azerbaijan.

Azerbaijan and China opened a new page in their relations after President Ilham Aliyev visited China in December 2015. During the visit, several meetings, negotiations were held and 10 documents were signed. Cooperation issues almost in all spheres were discussed.

India stepping up efforts to reach a deal centered on China this year

Related Keywords: after twelve economies signed TPP deal, alternative trade bloc, backed on export focus, China, improve access to Asian markets, India stepping efforts, Make in India, Prime Minister Narendra Modi, RCEP agreement, reach deal centered on China, World Trade Organization

Now, after 12 advanced economies accounting for 40 percent of the global economy signed a TPP deal, India's trade negotiators feel they need to get a move on. India is stepping up efforts to reach agreement with an alternative trade bloc centered on China and hopes to reach a deal this year.

New Delhi has long been seen by many countries as an intransigent player at the World Trade Organization (WTO), a multilateral forum that has struggled to find the consensus it needs to move forward.

Dull business seen on Pakistan cotton market

Related Keywords: China, cotton bales, dull market seen, leading spinners kept on sidelines, Pakistan cotton market, process of trading, ready business, reduction in cotton cultivation, seed cotton, spot rate, top growing region

Dull market was seen on the cotton market on Tuesday as leading spinners kept on the sidelines in the process of trading. In the ready business, about 1400 bales of cotton changed hands at Rs 5550, dealers said.

In Sindh, prices of seed cotton at Rs 1600 and Rs 2800, in the Punjab, rates were at Rs 2000 and Rs 3000. The official spot rate remained unchanged at Rs 5,350.

As per the market sources, the spinners were not keen in making fresh deals because they are already facing losses due to high risk of doing business in absence of incentives by the government.

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