Industry & Market
Industry & Market
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Global Clothing and Textile Brands Are Still Sourcing Major Portion of Their Clothing
May 28, 2013Despite the increasing production cost and shift in orders by global apparel and textile buyers from China to other Asian countries, several global clothing and textile brands are still sourcing major portion of their clothing from China. ...
Tags: Textile, Apparel and Clothing
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The First Batch of Magnetic Suspension Central Air Conditioners Were Exported by China
May 28, 2013Days ago, the first batch of magnetic suspension central air conditioners exported by China abroad were rolled out in Qingdao City, Shandong Province, east China and will be shipped to Australia in due times selected. 40% of the products ...
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Google Mounted by Hackers Connected to China's People Liberation Army
May 28, 2013CSO - In January 2010, Google shocked the cyber world by confessing it had been the target of an advanced persistent threat lasting months and mounted by hackers connected to China's People Liberation Army. "[We] have evidence to suggest ...
Tags: Computer Products
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Intellectual Property Theft Costs The US Economy $300bn a Year
May 28, 2013Intellectual property theft, predominantly by Chinese computer hackers, costs the US economy $300bn (£200bn) a year and must be treated as seriously as terrorism. That's according to The Commission on the Theft of American ...
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Lenovo Has Recorded a 90 Per Cent Hike in Net Profit for The March Quarter
May 28, 2013Lenovo, the world's second-largest PC maker, has recorded a 90 per cent hike in net profit for the March quarter compared to a year earlier. The Chinese firm beat analysts' expectations by reporting a quarterly net profit of $127m ...
Tags: Lenovo, Computer Products
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Taiwan Imported Stainless Steel Products in April,up by 3% From a Month Ago
May 28, 2013According to statistics, Taiwan imported 102,830 tons of stainless steel products in April, up by 3% from a month ago. Among them, 84,683 tons were hot rolled stainless steel products, rising by 10,000 tons; 12,006 tons were cold rolled ...
Tags: Construction, taiwan, stainless steel
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Europe May Levy Anti-Dumping Tariffs on China-Made Solar Products
May 28, 2013Europe may levy anti-dumping tariffs on China-made solar products. This will increase the prices of China-made solar products in Europe. To retaliate, China will likely impose tariffs on Europe-based polysilicon through its on-going ...
Tags: Solar Trade Row, EU Members
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Taiwan-Based IC Suppliers Have Been Ramping Their Shipments of LED Driver Ics to China
May 28, 2013Some Taiwan-based IC suppliers have been ramping their shipments of LED driver ICs to China thanks to the fledging LED lighting industry in the country and growing demand for LED backlight products from China-based smartphone, tablet and ...
Tags: LED Driver, IC Vendors
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SM Prices Jumped $10.50/mt Day on Day to $1,675.50/mt FOB Korea
May 28, 2013The price spread between Asian styrene monomer and petrochemical feedstock naphtha hit an eight-year high of $819.90/mt Wednesday on short covering amid low spot inventory in China, Platts data showed. SM prices jumped $10.50/mt day on ...
Tags: Chemicals, petrochemical, styrene monomer
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Taiwan's Industrial Production Index in April This Year Fell by 0.9 Percent
May 28, 2013Taiwan's industrial production index in April this year fell by 0.9 percent as compared to April 2012 after falling by a revised three percent year on year in March, and was down 1.4 percent month on month, according to the country's ...
Tags: Taiwan, production, automotive, construction, steelmaking
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Shagang Group Will Have Shipped a Further 70,000 Mt of X80M Grade Line Pipes to Russia
May 28, 2013Jiangsu Province-based Shagang Group has announced that by May 24 it will have shipped a further 70,000 mt of X80M grade line pipes to Russia, completing deliveries of a total of 250,000 mt for the contract in question. On May 10, a ...
Tags: China, Southeast Asia, production, steelmaking, Shanghai
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The High-Speed Wire Rod Project No. 3 Is The Third Part of an Overall Project
May 28, 2013Shandong Province-based Chinese steelmaker Rizhao Steel Holding Group Co. has announced that on May 23 its high-speed wire rod project No. 3 in Yingkou in Liaoning Province successfully underwent a hot run test and produced its first batch ...
Tags: longs, China, Southeast Asia, production, steelmaking, Shanghai
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Novo Group's New Joint Venture with Tianjin Received a Business License
May 28, 2013On May 23, Hong Kong-based Novo Group, a global steel trading, distribution, processing and manufacturing company, announced that its new joint venture with Tianjin Bohai Light Industrial Co. named Novo Steel Development (Tianjin) Co. has ...
Tags: China, Southeast Asia, investments, steelmaking, Shanghai
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The Aggregate Gross Revenue of China State-Owned Enterprises Totaled RMB 14.0015 Trillion
May 28, 2013According to a report released by China's Ministry of Finance on May 22, in the January-April period of the current year the aggregate gross revenue of China state-owned enterprises totaled RMB 14.0015 trillion ($2.28 trillion), up 10.2 ...
Tags: China, Southeast Asia, steelmaking, Shanghai
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Obama Said America Was Facing a Sputnik Moment
May 28, 2013In October, 2010, China built the world's fastest supercomputer, and three months later President Barack Obama, in his State of the Union speech, said that America was facing a Sputnik moment. Obama renewed calls for higher levels of R&D ...
Tags: Sputnik Moment, China, US
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