Recently, polyester feedstock market was in downward correction, and sales ratio of PFY has been slanting low for a week, resulting into mounting inventory. But the news that the VAT will be revised down from 16% to 13% from Apr 1 heated up the whole polyester market during last Friday. Namely, if P Read More

On Mar 15, Premier Li Keqiang mentioned that VAT would be reduced from Apr 1 in the answers to reporters’ request. VAT of cotton may be decreased 1% to 9% and that of cotton yarn and grey fabric may be revised down 3% to 13%, which will lower the cost and increase profits of textile enterprises. Thu Read More

The 14th season of OC Fashion Week (OCFW), a leading trade show for the who’s who of luxury fashion and design in California, will begin on March 23, 2019 with an opening day runway fashion design competition featuring seven top-emerging fashion designers from New York to OC. Celebrity Cruises is th Read More

The 14th season of OC Fashion Week (OCFW), a leading trade show for the who’s who of luxury fashion and design in California, will begin on March 23, 2019 with an opening day runway fashion design competition featuring seven top-emerging fashion designers from New York to OC. Celebrity Cruises is th Read More

Fung Retailing Group and JD.com, China’s largest retailer, has unveiled Hong Kong’s first AI-powered checkout solution in a retail store environment. The advanced AI algorithm behind the solution enables the checkout counter to recognise upto 5 products in 1 second with an accuracy rate of over 97 p Read More

The International Cotton Association (ICA) and the Cotton Association of India (CAI) have renewed their memorandum of understanding (MoU) to reinforce the alliance and cooperation between the two associations. The alliance was first established when the MoU was created in January 2014 to formally ac Read More