The textile industry in China posted stable revenue growth in the first half (H1) this year, according to data from the ministry of industry and information technology, which recently said textile firms with an annual main business income of at least 20 million yuan ($3 million) raked in 2.52 trillion yuan in revenue in the first six months of 2022—up by 5.7 per cent year on year (YoY).The total added value of these companies rose by 0.9 per cent YoY during the period.The combined sales of main

Around four out of five consumers (80 per cent) in the US say that they are less confident about spending, while 62 per cent of them believe that the county is currently experiencing a recession. Rising food prices are the biggest recessionary concern for 68 per cent of consumers, with nearly half (48 per cent) also concerned about food shortages.The new First Insight Report titled ‘The State of Consumer Spending: Inflation Fuelling Recession Fears’ revealed some profound changes in consumer sen

China aims to develop 15 high-level home furnishing industry clusters with various characteristics and construct 500 smart experience centres by 2025, so that its home furnishing industry can meet growing domestic demands. The country recently released its development strategy for creating environment-friendly and smart home furnishings.Businesses were also urged to build projects that are suitable for rural markets and meet the needs of the elderly and children, according to Chinese media repor

China’s KPST Shoes will establish a shoe accessories manufacturing industry in the BEPZA Economic Zone (BEPZA EZ). This fully foreign owned company will invest $8.07 million where 2,650 Bangladeshi nationals will get employment opportunities. The company will produce annually 30 million pairs of insole, outsole and midsole and 0.3 million cubic meters EVA and PU Foam.The dependency on import of the materials of export oriented shoe industries of the country will be decreased by the operation of

China-Europe freight train services increased by 11 per cent year-on-year in the month of July while maintaining safety and efficiency, according to the China State Railway Group Co., Ltd. There were 1,517 China-Europe freight train trips recorded for the previous month.The freight trains transported a cargo of 149,000 twenty-foot equivalent units (TEUs), which is an increase of 12 per cent from last year.In the first seven months of the year, the number of China-Europe freight train journeys re

China will extend zero-tariff benefits on close to 98 per cent of taxable items from 16 least developed countries (LDCs) including Cambodia, Rwanda, Togo, and Djibouti, Customs Tariff Commission of the State Council has said. The policy will come into effect on September 1.The benefits will gradually be extended to all LDCs that have diplomatic relations with China.China aims to share market opportunities with these LDCs, push for growth and build a community with a shared future for all, Custom

South India registered mixed trend in cotton yarn amid weaker sentiments. Last week’s upward trend took a pause as fabric buying was weak and stocks are abundant. Cotton yarn prices slipped ₹5-10 per kg in Tiruppur because southern mills had cut factory rates as they were forced to bring down prices for want of liquidity. Mumbai maintained stable trend.Tiruppur market noted down trend in cotton yarn prices. Trade sources said that millers are struggling to meet out their regular expenses. They h

After a successful stint last year, Cinte Techtextil China is set to attract exhibitors and visitors interested in technical textiles and nonwoven products from Asia in Shanghai, China, from September 6-8. The 2022 edition of the international trade fair will highlight materials and technologies for products that focus on personal hygiene and environmental protection.Cinte Techtextil China’s product categories comprise 12 application areas, including all types of uses in modern technical textile

A 12-month trial on a cotton farm just outside the rural town of Goondiwindi Queensland in Australia has shown it’s possible to divert large amounts of cotton textile waste at end of life from landfill with no harm done to soil health or cotton yields. Project collaborators are confident that with a solid business plan and more research, returning shredded cotton products to cotton fields could soon offer benefits to soil health, and a scalable solution to the massive global problem of textile w

The term flame retardant is used to describe fabrics which will not support combustion and are self –extinguishing. Fabrics of this type, when involved in an accidental fire would not contribute to spreading the flames. Other descriptions, such as flameproof, fireproof and flame resistant, are either meaningless or misleading. Nearly all fabrics are combustible to some degree. The rate of burning ranges from that of guncotton (nitrocellulose), which burns so quickly that it produces an explosion