On 03 February 2016, Yixing Yidie Knitwear Co., Ltd, the leading enterprise in producing knitting, has issued the development plan of 13th Five-Year Program with the topic of integrating design and technological resource, promoting the knitting products.

The industrial experts thought that we should pay more attention to planning and guiding the knitting products to ensure the improvement of quality. At the same time, we should also strengthen R & D, expanding the applications in all fields, and bring new element for fashionable clothes.

During the 13th Five-Year Program period, Yixing Yidie Knitwear Co., Ltd will pay more efforts on high-end knitting R & D, strengthening the cooperation with domestic enterprises, improving technologies and expanding development space continuously.

 

On 04 February 2016, TPP agreement has made substantive breakthroughs. The twelve countries, the United States, Japan, Austria, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam, have signed a formal TPP agreement in Auckland, New Zealand. The total added value of these 12 countries accounted for 40% of the global economy, surpassing EU.

The textile and clothing industry is the labor intensive industry. The export of clothes and labor demand in Vietnam will increase rapidly after the TPP agreement taking into effect.

 

History of American cotton industrialization can be traced back to hundreds of years ago. Recently, the price of cotton-picking workers has been risen during the cotton harvest season. The same phenomenon in southern United States also occurred in history. That’s why America selected Mexicans as cotton pickers to reduce costs, just as China did, choosing Sichuan and Henan farmers to pick cottons.

America is the second largest cotton production and the largest cotton export country in the world, accounting for 30% of the world cotton export. You may doubt that why America, as the most developed country in the world, still plants cotton and does very well in the cotton industry. As the Chinese saying goes, stones from other hills may serve to polish the jade of this one, China can take American model in harvest management.

 

On 17 February, Hermès International SCA (HRMS.PA) has released results of the full-year. The company said that the domestic sales were weak owing to the terror attack of Paris, the sales growth rate was only 1%. Hermès forecasted that the growth rate may be declined by 8% in 2016 for the instability of the global economy and geopolitics and currency turmoil. At present, the target of the company is increased by 10%

In the past two years, the global luxury market was weak continuously owing to the slowdown of economic growth and to anti-corruptions in China. The French analyst Luca Solca said that even the high-end products are not immune from the business cycle. At present, the expected market growth of the luxury products is only 2%.

In the past two years, the global luxury market was weak continuously owning to the slowdown of economic growth and anti-corruptions. The French analyst Luca Solca said that even the high-end products are not immune from the business cycle. At present, the expected market growth of the luxury products is only 2%.

 

 

On 24 February 2016, “Internet + Silk China” news conference was held by China Textile Commerce Association, supported by Ministry of Commerce of the People’s of National Cocoon and Silk Coordination Office in Beijing. The promotion activity will be held on 15 Mar, 2016 in Chengdu, a time mark for China silk to step into the Internet+ age.

This exhibition accords with the Belt and Road Initiative strategies, based on southeastern China, assisting the middle and small-sized enterprises, exploiting new modes, innovative market and districts for SMEs in textile industry.

 

 

2016 Spring and Summer Yarnexpo will be held in National Exhibition and Convention Center (Shanghai) from 16 Mar, 2016 to 18 Mar, 2016. The exhibition is situated at No. 5.1 hall with 15,000 square meters. 11 countries will be gathered here, including China, India, Indonesia, Korea, Pakistan etc and more than 300 excellent yarn enterprises will attend the exhibition, specifically, 210 domestic enterprises and 90 overseas enterprises.

In recent years, the Yarnexpo carried out concept of “green, recycle and low-carbon”, encouraging the enterprises to renew the traditional technology and sticking to “constructing ecological civilization” issued by the 18th CPC National Congress, and promoting the ecological construction of the yarn industry.