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release time: 2020 - 12 - 15
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BEIJING -- China's textile and garment exports grew 9.9 percent year-on-year to $265.2 billion in the first 11 months, official data shows.Textile exports reached $141.6 billion in the period, a notable 31 percent growth from a year earlier, according to the Ministry of Industry and Information Technology. Garment exports dropped 7.2 percent to $123.6 billion.In November alone, the country's textile exports expanded 22.2 percent year-on-year to $12 billion.The pace of growth accelerated 6.3 percentage points from October, the MIIT data shows.Garment exports in November increased 6.9 percent year-on-year to $12.6 billion.
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BEIJING -- Profits of China's major industrial firms dropped in the first quarter (Q1) of 2020 with signs of improvement in March amid efforts to coordinate COVID-19 containment and economic growth, data from the National Bureau of Statistics (NBS) showed Monday.Profits of industrial companies with annual revenue of more than 20 million yuan (about $2.83 million) totaled 781.45 billion yuan in Q1, down 36.7 percent year on year, NBS said in a statement.The contraction narrowed from the 38.3-percent decline in the first two months, NBS data showed.In breakdown, profits of the manufacturing ...
发布时间: 2020 - 04 - 28
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BEIJING -- The global oil price collapse is battering China's upstream oil companies but acts as a boon to downstream refineries, analysts said.Partly due to the coronavirus pandemic, international crude prices slumped in the past few months, with the benchmark Brent crude nosediving from about $68 per barrel in early January to around $25 at present.The upstream of the oil industry including oil producers and oilfield service firms has been hit hard by the plummeting prices, said Dong Xiucheng, professor with the University of International Business and Economics.The cost of domestic oil ...
发布时间: 2020 - 04 - 27
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Analysts said the US oil futures price turning negative reflects an energy market continuing to reel from the dual demand-supply shock amid the COVID-19 pandemic, and China should further increase domestic oil and gas storage facility construction for better energy security.The May contract for US oil benchmark has turned negative for the first time in history, as the coronavirus pandemic decreased demand for fuel amid insufficient storage for the massive glut of oil.West Texas Intermediate for May delivery shed $55.9 to settle at-$37.63 a barrel on the New York Mercantile Exchange on Monday, ...
发布时间: 2020 - 04 - 22
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