Industrial News
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Analysis of the operation of the home textile industry in 2020
At the beginning of 2021, the sudden new crown epidemic disrupted the pace of operations in all walks of life. In the first quarter, the home textile industry fell into a state of shutdown and production cuts, and industry revenue fell by nearly 30% compared with the same period last year. Howeve...Read more -
RMB appreciation
Recently, the exchange rate has reached a new high. Why is the RMB rising? 1)Epidemic The new crown epidemic has spread globally, many countries have suffered huge blows, and the global financial turmoil has declined. Because of the lack of strict defense control measures, a second epidemic has o...Read more -
NEWS
There used to be a saying in the stock market that as long as they don’t buy stocks, the return rate can exceed 80% of stockholders. This year’s textile market seems to have encountered a similar dilemma. Wang is always the person in charge of a weaving company. According to him, aft...Read more -
NEW
Data shows that the number of initial jobless claims in the United States unexpectedly increased last week, adding to concerns about the surge in new crown pneumonia cases and restraining the market economy. In addition, the new crown vaccine has been on the market for at least several months, an...Read more -
Products exported to the EU and the UK may face dual certification
Important note: On September 1, 2021, the British government officially announced that the United Kingdom has left the European Union. On January 1, 2021, it will officially start to use the United Kingdom Conformity Assessment (UKCA) certification mark. Transition period. The UKCA mark is a new ...Read more -
NEWS
Due to the significant increase in the number of newly diagnosed cases of the new crown epidemic, it has once again become the focus of the market’s attention, which has shifted the focus to the fight against the epidemic. The recent surge in oil prices, investors choose to close when they get be...Read more -
Possible changes after Biden wins the election
CNN stated that Biden will become the 46th president of the United States. CNN predicts that after Biden won Pennsylvania, he has received the 270 electoral votes needed to win the election. According to the report, adding the 20 electoral votes in Pennsylvania, Biden now has 273 electoral votes....Read more -
NEWS
Epidemic report According to real-time statistics from Worldometers, as of 05:46 on November 5th, Beijing time, there were 48.34 million confirmed cases of the new coronavirus worldwide, 500,571 new cases, 1.22 million deaths, and 9,045 new cases. There are 51 countries with more than 100,000 con...Read more -
2020 textile industry summary
Affected by the epidemic in the first half of the year, the overall situation of offline companies was not favored by others. One after another textile factories and textile companies took the initiative or was forced to close down due to capital, inventory, and worker issues. Even many people fe...Read more -
NEW 2020-10-29
Epidemic report According to real-time statistics from Worldometers, as of 07:11 on October 29th, Beijing time, there were 44.72 million confirmed cases of the new coronavirus worldwide, 489,328 new cases, 1.17 million deaths, and 6,952 new cases. There are 48 countries with more than 100,000 con...Read more -
Clothing giant cuts down on stores
According to Fox News reported on the 23rd, the US apparel giant GAP plans to reduce stores in the North American market. It is understood that GAP has entered major shopping malls in the United States in the past few decades and has become a “frequent visitor” to these shopping malls...Read more -
Market analysis
Market analysis The first is the turmoil caused by the second outbreak of the epidemic. The market is still fluctuating. Many companies have been forced to lay off their employees due to the impact of the epidemic. British veteran wool spinning group plans to lay off 21,000 employees According to...Read more