• Japan’s GDP declines by 3.4% in Q1 of 2020
      According to the report of GDP from January to March 2020 published by the Cabinet Office, Government of Japan (May 18, 2020), after deducting the actual seasonal adjustment factors influenced by price changes, GDP declined by 3.4% year-on-year, and showed negative growth for two consecuti
      Jun 03, 2020
    • Aksu Huafu included in the Entity List by U.S.
      As the world’s largest colored spun yarn supplier and manufacturer with the layout of Eastern China, Xinjiang and Vietnam, Huafu Fashion Co., Ltd. (hereinafter referred to as "Huafu fashion") announced on May 24 that its wholly-owned subsidiary Aksu Huafu Color Spinning Co., Ltd. (hereinaf
      Jun 03, 2020
    • Operation analysis of textile machinery industry from January to March
      The COVID-19 pandemic in the first quarter of 2020 has brought unprecedented impact on China’s economic development. Statistics show that the main economic indicators of the textile machinery industry showed a sharp decline in the first quarter. The export and import of textile machinery
      Jun 03, 2020
    • The decline in the European apparel retail market to continue
      Since May, many European countries have resumed work, and the retail market has begun to show signs of gradual recovery. But the latest data show that the market’s decline and stagnation will continue. The British Retail Consortium (BRC) said that in the first full month of the
      May 29, 2020
    • Yizheng Chemical Fiber realizes the industrial production of biodegradable plastics PBST and PBAT
      On May 23, it was learned from the Sinopec News Office that recently, Sinopec Yizheng Chemical Fiber Co., Ltd. has successfully achieved the industrial production of biodegradable plastics PBST and PBAT. The feature of these two plastics is that they can be completely degraded into water a
      May 29, 2020
    • Why does cotton yarn import plunge in April?
      According to customs statistics, in April 2020, China imported 140,000 tons of cotton yarn, a year-on-year decrease of 26.32% (in April, the import amount of China’s textile yarn, fabric and products was USD 1.14 billion, a year-on-year decrease of 25.4%); from September 2019 to April 2020
      May 29, 2020
     
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