2020-05-27

The 127th session of the China Import and Export Fair, also known as the Canton Fair, will exempt exhibition fees for enterprises, according to China's Ministry of Commerce (MOC).Exhibition fees will be waived to cope with the impact of the COVID-19 epidemic and help foreign trade enterprises to exp Read More

2020-05-27

The COVID-19 pandemic has posed significant challenges in the job market due to its impact on business activities amid the downward pressure exerted by the micro-economy. A rising unemployment rate in countries and regions suffering from the epidemic has worried people, raising questions for policym Read More

2020-05-27

In the first quarter of 2020, the order intake of Italian textile machinery registered a sharp decline, with the Covid-19 pandemic impacting heavily on the sector. The consequences on the orders will be more negative in the second quarter, according to the sector association.The index of orders inta Read More

2020-05-27

Concerted efforts, global partnerships crucial to tackle COVID-19 challengesThe Asian economy will be able to achieve positive growth this year if the ongoing efforts to rein in the COVID-19 pandemic bear fruit in the second half and China's economic recovery gathers momentum, a new report said on F Read More

2020-05-27

Lockdown leads to decline in ordersThe social stock of imported yarn before the lockdown was at an all time high, and shipments were not fast. The operating rate of downstream fabric mills was around 30 to 40 per cent, much lower than that in same period last year. Post lockdown, the willingness of Read More

2020-05-27

Rapid decline in spinners’ profitsThe spot price of Indian cotton also declined from Rs 39,400/maund at the start of Chinese New Year holiday to Rs 37,100/maund. Although this reduction was a result of depreciation of Indian rupees, profits of Indian spinners also declined rapidly. Based on the one- Read More