Chinese businessmen assured of all-out govt support

The world economy is expected to remain stable in 2018 and 2019 after an impressive growth rate of 3 percent in 2017, said a UN world economic prospects report launched on Monday at UN Headquarters in New York. 

Deputy Chairman Planning Commission, Sartaj Aziz has said that government of Pakistan would ensure seamless security for the Chinese and in this regard, a special security division has been raised and same arrangement will be made for investors as well.

Coats, the world’s leading industrial thread manufacturer, has announced that it has acquired Patrick Yarn Mill, a manufacturer of high-performance engineered yarns based in North Carolina, US. Patrick Yarn Mill specialises in cut-resistant and flame retardant yarns. Headquartered in UK, Coats is a major player in the Americas textile crafts market.

India has imported $87.4 million worth of readymade garments from Bangladesh during July-November 2017, registering a sharp rise of 56 per cent compared to $55.92 million during the same period last year, according to the data released by Export Promotion Bureau of Bangladesh. Indian apparel manufacturers will face stiff competition from Bangladesh.

The US Department of Agriculture’s Beijing bureau pegged at 1.30m tonnes (5.97m bales) China’s cotton imports in 2017-18, on an August-to-July basis. A rise of more than 200,000 tonnes year on year – far bigger than the 58,000-tonne increase, to 1.15m tonnes (5.30m bales), that the USDA has officially penciled in.

South Korea will host the country’s only sewing machine exhibition, GT Korea, from November 14, 2018 at Gyeonggi for three days. Nearly 120 companies are expected to set up 400 booths to attract buyers from countries like Taiwan, Indonesia, Vietnam. Product innovation for smart fibre and technical textile market will be the focus of the event.

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