- India’s textiles, allied product exports worth USD 30.4 bn in FY21
- India’s textiles and allied product exports were worth USD 30.4 billion in fiscal 2020-21, down by 10 percent from a year before due to the pandemic, according to the textile ministry, which recently said that in the first five months of this fiscal, such exports jumped by 87 percent on ye
- Nov 04, 2021
- S. Korea, Cambodia ink free trade deal for deeper economic ties
- South Korea and Cambodia officially signed a free trade agreement (FTA) Tuesday in a move to deepen their economic ties, Seoul’s industry ministry said. Trade Minister Yeo Han-koo and his Cambodian counterpart, Pan Sorasak, officially signed the pact during a virtual c
- Nov 04, 2021
- Intertextile Shenzhen Apparel Fabrics and Yarn Expo Shenzhen postponed to December
- The 2021 editions of Intertextile Shenzhen Apparel Fabrics and Yarn Expo Shenzhen will now take place from 8 – 10 December instead of their original early-November date. The fairs will remain at the Shenzhen World Exhibition & Convention Center alongside CHIC and PH Value.
- Nov 02, 2021
- Textile capacity utilization rate increases by 7.2pc in the first three quarters
- China’s industrial capacity utilization rate stood at 77.1 percent in the third quarter, up 0.4 percentage points from the same period last year, the National Bureau of Statistics (NBS) said. In the third quarter, the utilization rate of manufacturing capacity was 77.3 perce
- Nov 02, 2021
- Germany cuts 2021 GDP growth forecast, lifts 2022 estimate
- The government is sticking to its assessment that the price surge will be temporary, and sees inflation easing to 2.2 percent in 2022 and to 1.7 percent in 2023. The German government has cut its economic growth forecast for this year to 2.6 percent, but lifted its estimate
- Nov 02, 2021
- Myanmar heading towards economic crisis
- The southeast Asian nation of Myanmar, which saw military junta snatching power from a democratically-elected government through a coup on February 1 this year, is heading towards an economic crisis. Reports indicate that people are forming large queues to withdraw money from their bank ac
- Nov 02, 2021
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