Few large Chinese companies, including textile and garment manufacturing industries, have decided to invest in Ethiopia in the first half of the current Ethiopian budget year. The investment has come after the Ethiopian Investment Commission (EIC) started according priority to large, effective companies that can offer more and quick employment. Following the new strategy, Ethiopia has managed to attract investment from ten large Chinese companies, according to EIC commissioner Fitsum Arega.

The continued success of Europe’s major technical textile fair, Techtextil, in Frankfurt, (the next event runs on 9-12 May) illustrates how the continent’s technical textiles sector is thriving on innovation. “We don't know what the future brings. We only know where it will be exhibited. Messe Frankfurt GmbH.” These posters greet travellers coming through Germany’s largest airport – and regarding technical textiles, the country’s leading trade fair organisation’s advertising is apt. Euro

Wang Yiming, vice president of the Development Research Center of China's State Council (Cabinet), addresses the economic summit of the China Development Forum 2017 in Beijing on March 18, 2017. [Photo/Xinhua] The ongoing Chinese economic restructuring is conducive to reducing uncertainty for the world economy and injecting fresh growth momentum into the global economic recovery, according to a Chinese economist. "China has been an active participant in and facilitator of globalization,"

Textile export went down in 2016 for a consecutive year, due to weak global demand and India’s losing competitiveness. Data from the ministry of textiles shows a five per cent fall to $34.9 billion (Rs 2.3 lakh crore) for 2016, from $36.7 bn in 2015. In September 2016, the central government announced a Rs6,000-crore package to boost textile export. This was on recommendations from the industry, and a commitment from it to raise annual export to $50 bn and create 100,000 new jobs. “Text

Trading in­­terest revived on the cotton market on Saturday amid active buying from spinners. Ginners who had been holding their limited stocks entered into moderate to big deals with spinners who had yet to accumulate stocks to meet their seasonal demand. As the current cotton season has almost ended in Punjab, the lower Sindh has already started sowing new crop for the next season, i.e. 2017-18. Prices on the domestic market also remained steady in line with global trend where

Bangladesh has overtaken China to become the largest denim supplier to the European Union -- a development that would give confidence to the country's garment sector as it looks to hit $50 billion in exports by 2021. In the January-June period of 2016, Bangladesh exported €567.97 million worth of denim products to the 28-nation bloc -- enough to secure a 21.18 percent market share, the highest. The country has also become the third largest denim supplier -- after China and Mexico -- to the

Nearly 200 exhibitors will gather at Intertextile Shanghai Home Textiles – Spring Edition, which runs from March 15–17, 2017 in Shanghai. These companies will be showing an impressive selection of finished products, such as bedding, duvets, pillows, towelling, carpets, rugs, etc. The show will also have an India Pavilion and eight Chinese regional Pavilions. To cater to different sourcing needs, the organisers have created seven theme zones, which include; Bedding & Interior Decoration Pr

Owing to high recent shipments and sales to all major markets, US cotton export outlook for 2016-17 is hiked by 500,000 bales to 13.2 million bales for 2016-17, the US department of agriculture (USDA) has said in its March 2017 report 'Cotton: World Markets and Trends'. The report also projects US cotton exports to remain at 13.2 million bales in 2017-18. Among other major exporters, India's cotton exports in 2016-17 is projected to go up by 100,000 bales to 4.5 million on increased overland

Last week the US Trade Representative sent a letter to Congress saying that Americans are not directly subject to rulings by the WTO, which Washington joined when it was founded in 1995 China warned the US against launching a trade war, saying that both countries would suffer if US President Donald Trump follows through on his threats. The billionaire politician has repeatedly accused China of using unfair trade policies to steal jobs from the US, threatening to retaliate with massive tari

The demand for wool is continuing to grow in major international markets for imported clothing like the EU and the US. The demand is forecast to grow more strongly in China—the world's largest producer and exporter of woollen clothing and textiles. Increasing domestic consumption of luxury woollen textiles is also a factor pushing wool demand in China. The continuing growth in wool demand has led to increase in the price of wool in Australian dollars since 2014, Senior ABARES economist Dr Ca