Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
First index system for textile industry set up
Adjust font size:

China's Ministry of Commerce (MOC) announced on Sunday the establishment of the country's first-ever textile index system, to better reflect the development of the textile industry and its market.


The textile index system is based on data collected by the China Textile City located in Shaoxing County of east China's Zhejiang Province.


As one of the largest textile distribution centers in the world, the China Textile City saw 50 billion yuan (US$6.7 billion) of transaction volume registered in 2006.


The system includes the price index, the business index, the export index and the order index, which will reflect the price movement of the domestic textile market, the ups and downs of the textile export market, and the change of orders accepted by textile producers and operators.


The price index will be published every Monday to indicate textile prices during the past week, while the business index and the export index will be available every month.


"The system is expected to provide a more complete, accurate and also the latest market information for textile producers, purchasers and operators at home and abroad," said Huang Hai, assistant minister with the MOC.


(Xinhua News Agency October 22, 2007)

Tools: Save | Print | E-mail | Most Read

Username   Password   Anonymous
China Archives
Related >>
- EU to lift Chinese textile quotas by year end
- Textile machinery import speeds up
- EU, China agree to end textile quotas
- Textile export move likely
Most Viewed >>
-China set to hit the brakes on rising yuan
-Power to resume shortly in worst-hit area by snow
-Macao's gaming market expands further
-Online operators are on top of the game
-Insurance firms set to stump up billions

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © All Rights Reserved E-mail: Tel: 86-10-88828000 京ICP证 040089号