Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded by 17.3 per cent year on year (YoY) to 564.2 billion yuan between January and May this year, according to China’s ministry of commerce. In US dollar terms, the inflow went up by 22.6 per cent YoY to $87.77 billion. FDI in high-tech manufacturing rose by 32.9 per cent YoY during the period.The service industry saw FDI inflows jump by 10.8 per cent YoY to 423.3 billion yuan, while that of high-tech industries surged

There was mixed trend in cotton yarn prices in south India. The prices remained weak in Tiruppur market but found support in Mumbai market. Tiruppur did not notice any improvement in demand which dragged down cotton yarn prices by ₹5 per kg. However, Mumbai market noted improvement in yarn prices by ₹2-3 per kg due to lower production and supplies.A trader from Mumbai toldFibre2Fashion, “Demand was not better. Buyers were absent from the market. But lower production and supplies of cotton yarn p

China's exports grew at a double-digit pace in May, indicating economic recovery from COVID-19 outbreaks as factories restarted operations and logistics issues were smoothened in Shanghai. Its exports rose by 16.9 per cent in May year on year (YoY) in dollar terms, accelerating from April's 3.9-per cent increase.Imports also expanded for the first time in three months, rising 4.1 per cent in May from a year ago. The import growth was flat in April.The general administration of customs sa

China's consumer price index (CPI)—a primary gauge of inflation—rose by 2.1 per cent year on year (YoY) in May this year, according to the National Bureau of Statistics (NBS), which said the producer price index (PPI), which measures costs for goods at the factory gate, went up by 6.4 per cent YoY in the month. Non-food prices rose by 2.1 per cent YoY compared to the 2.2-per cent rise in April.On a monthly basis, the CPI edged down 0.2 per cent thanks to effective COVID-19 control and a suff

It is a shocking and sad fact that 64 per cent of all 32 billion garments produced globally each year end up in landfill. About 94 million kilograms worth of single-use outfits are bought annually, with one in two people throwing unwanted clothes directly into the bin instead of reselling them or repurposing them.Figure 1: Sustainability has been at the brand’s core since inception, and it prides itself on exploring new initiatives in fabric and sustainability technologies.Discarded garments pil

The prices of cashmere fibre registered a steep rise in China and Italy in January-March 2022 quarter. However, China recorded huge volatility since January 2021 compared to Italian market. The price of luxury woolen fibre, sourced from Pashmina goat found in colder regions, was $129.21 per kg in China and $129.30 per kg in Italy in January-March 2022.In China, the luxury fibre gained 11 per cent in January-March 2022 quarter. The fibre crashed 19.05 per cent to $88.91 per kg (FOB) in January-Ma

Polyester value chain showed a mixed trend last week in global markets. While price of purified terephthalic acid (PTA) moved downside, price of monoethylene glycol (MEG) gained. Prices of few upstream products of the value chain remained stable, while there was movement in downstream products. Crude oil, the source material, gained last week.PTA price came down to $995 per ton (CFR) in southeast Asia market. It was noted at $1000 per ton on May 30 and 31, which increased to $1005 per ton June 1

China will roll out new measures to remove barriers in its foreign trade and strengthen the stability of its supply chains, according to its ministry of commerce, which recently said one such measure will seek to alleviate the pressure of international logistics. Foreign trade firms can now apply for vehicle passes from local governments to transport key materials.The government will facilitate smooth domestic transportation of foreign trade goods, and help COVID-affected foreign trade companies

Staubli will present an overview of its latest high-end technologies, machinery, and solutions that offer the textile industry more and greater benefits, at ITM Turkey from June 14-18, 2022, at Tuyap Exhibition and Convention Centre. With the latest technologies and solutions in the textile industry, the event paves the way for innovation and creativity.Visitors to the booth will see a wide range of machines and systems for efficient weaving preparation, frame and Jacquard weaving, and carpet we

Uster will present its quality assurance solutions for nonwovens, as well as spinners at the upcoming Techtextil Germany and ITM in Turkey in June. In medical, hygienic and cosmetic applications flawless end-products are essential. And that means contamination in the fibre raw material is not allowed. Uster Jossi Vision Shield N is the solution.Uster Jossi Vision Shield N works right at the start, within the process line, eliminating even the tiniest unwanted particles and protecting nonwovens m