China’s textile industry becoming less competitive

Posted: Wednesday, Jan 09, 2008 at 0000 hrs IST
Updated: Tuesday, Jan 08, 2008 at 2233 hrs IST

Font Size

Feedback

Discuss

Jan 8: overseas may rise as domestic consumers become more affluent, Antoshaksaid.

The expected rise in China's consumption may be offset by declines in developed countries, he added.

China's cotton imports fell 37% to 2.14 million tons in the first 11 months of 2007 from a year ago, according to customs data.

Cotton futures in New York rose 21% last year, trailing gains in grains and oilseeds due to lower-than- expected Chinese buying. The March delivery contract rose 0.4% to settle yesterday at 68.95 cents a pound on ICE Futures US, formerly known as the New York Board of Trade.

—Bloomberg...

More from International

G-20 agrees on timetable for framework to promote balanced global economy US trade gap widens, imports up: preview US House passes $1-trn healthcare overhaul legislation MS cuts 800 jobs, completes layoff plan Microsoft CEO eyes Yahoo partnership outside US Toyota’s $242-million surprise profit fails to impress investors Fed leaves key rates unchanged; says economy is improving Buffett to buy out Burlington rail for $26 billion

Single Page Format

Previous - 1 - 2

Discuss this story on expressindia forums

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

I agree to the terms of use.