Industry News
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Indian textile industry: Delay of textile excise tax increase from 5% to 12%
New Delhi: The Goods and Services Tax (GST) council, chaired by Finance Minister Nirmala Sitharaman, decided on December 31 to postpone the rise in the textile duty from 5 per cent to 12 per cent due to opposition from states and industry. Earlier, many Indian states opposed the increase in texti...Read more -
How do enterprises respond to changes in RMB exchange rate?
Source: China Trade – China Trade News website by Liu Guomin The yuan rose 128 basis points to 6.6642 against the US dollar on Friday, the fourth day in a row. The onshore yuan rose more than 500 basis points against the dollar this week, its third straight week of gains. According to the o...Read more -
Banking cross-border financial services continue to innovate
Source: Financial Times by Zhao Meng Recently, the fourth CiIE came to a successful conclusion, once again presenting an impressive report card to the world. On a one-year basis, this year’s CIIE has a cumulative turnover of US $70.72 billion. In order to serve exhibitors and purchasers at ...Read more -
Vietnam’s container rates are up 10-30%
Source: Economic and Commercial Office, Consulate General in Ho Chi Minh City Vietnam’s Commerce and Industry Daily reported on March 13 that the price of refined oil continued to rise in February and March this year, making transportation companies nervous as production could not be restor...Read more -
There is plenty of room for investment in Bangladesh’s textile industry
Bangladesh’s textile industry has room for investment of Taka 500 billion due to rising demand for local textiles in both domestic and international markets, the Daily Star reported on January 8. At present, local textile enterprises provide 85 percent of the raw materials for the export-or...Read more -
Itma Asia + Citme 2020 Concluded Successfully With Strong Local Attendance And Exhibitor Endorsements
ITMA ASIA + CITME 2022 exhibition will be held from 20 to 24 November 2022 at the National Exhibition and Convention Centre (NECC) in Shanghai. It is organised by Beijing Textile Machinery International Exhibition Co., Ltd. and co-organised by ITMA Services. 29 June 2021 – ITMA ASIA + CITME 2020 ...Read more -
Lyocell yarn
Recent Market situation of Lyocell yarn: Influenced by the Chinese New Year holiday, domestic factory is still not fully start, due to national policy, many factories are not on the production of the north, and in March of each year is the domestic consumption, self up to a month, according to t...Read more