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Clothing brand H&M has stopped using cotton produced in Xinjiang, citing "forced labor" in the region, according to a "statement about due diligence" posted on the group's official website. The statement reads: H&M Group is deeply concerned about reports from civil society organizations and the media, including allegations of forced labor and discrimination against ethnic and religious minorities in the Xinjiang Uygur Autonomous Region (Xinjiang).We strictly prohibit the use of any type of forced labor in our supply chain, regardless of country or region.If we find and verify cases of forced labor from suppliers we work with, we will take immediate action that will ultimately result in termination of the business relationship.

1.The United States and Britain agreed to suspend retaliatory tariffs Britain and the United States recently agreed to suspend retaliatory tariffs on Scotch whisky and other goods for four months over a long-running dispute over aircraft subsidies, and said they would use the time to resolve the dispute."The United Kingdom and the United States will suspend tariffs for four months to ease the burden on industry and take a bold step toward resolving the longest-running dispute at the World Trade Organization," the two sides said in a joint statement. 2.Chinese investment in Australia will drop by 61% in 2020 Chinese investment into Australia in 2020 hit its worst record in six years, falling to A $1 billion (5 billion yuan) from A $2.6 billion last year, a 61 percent drop from the previous year.The sudden drop in Chinese investment in Australia means Chinese investors have come to see the country as a difficult place to put their money.The United Nations reports that total foreign investment in the country plunged 46 percent in 2020. 3.Italy's GDP will shrink by 8.9% in 2020 In 2020, Italy's GDP will be about 1.65 trillion euros, down 8.9% from the previous year, and down 7.8% at market prices.According to the report of the Italian Statistical Office, 7.8% of the COVID-19 epidemic and control measures was due to the decrease in domestic demand, while international demand and inventory movements dragged down the economy by 0.8 and 0.3 percentage points respectively. 4.India has announced a big push to develop its domestic ports NEW DELHI: India has announced plans to spend $82 billion on various port projects through 2035 to boost the country's maritime sector.The focus will be on promoting clean and renewable energy in the maritime sector, developing waterways and promoting tourism in the surrounding area.According to Modi, India has identified more than 574 projects costing $82 billion between 2015 and 2035. 5.A zero-tariff policy was introduced for self-used production equipment at the Hainan Free Trade Port Recently, the Ministry of Finance issued a "zero tariff" policy for self-use production equipment at Hainan Free Trade Port.Island, before start the operation of free trade port in hainan registered with independent legal personality of the enterprise imported production equipment, in addition to the laws, regulations and rules clear duty, the provisions of the state banned the import of the goods, the free trade port in hainan "zero tariff" self-used equipment negative list of the equipment listed in, shall be exempted from tariff and import link value-added tax and consumption tax.

In early spring, in March, All good things are happening With the expectation of thousands of textile workers, China International Textile Fabrics and Accessories Expo (Spring/Summer) will be held in National Convention and Exhibition Center (Shanghai) from March 17 to 19, 2021. As the leading exhibition platform of the global textile supply chain, Intertextile2021 Spring/Summer Facile Excipients Exhibition covers an area of 160,000 square meters, six pavilions and eight exhibition areas. Based on the "big cycle" to promote "double cycle", Intertextile2021 Spring/Summer Facile Excipients Exhibition aims to bring the industry a grand event integrating fashion, sustainability, trends and technology into one. Nearly 3,000 high-quality suppliers from 17 countries and regions at home and abroad bring multiple solutions from products, trends, channels and trade;Trend release, color interpretation, authoritative trend organizations to enlightening comb for you to grasp the market, design and research and development power;The specially planned theme forum, together with dozens of hot topics and seminars, will provide you with the authoritative key of 2021 insight into the future of the industry. At the same time, as an extension of the offline physical exhibition, the newly upgraded "intertextile exhibition platform" helps the efficient docking between industries with digital technology, realizes the two-way linkage between online and offline, and enables more interactions and collisions to be coordinated.

Online sales doubled Gap Group's share price soared 97% in three months. Comparable sales surged 13% unexpectedly in the second quarter

Victoria's Secret revenue plummeted by 40%. It has closed 210 stores this year and will close more next year

Nili company mainly produces polyamide fiber and polyester composite elastic wire, customers are all over the world, at present, the successful development of color spinning pre-oriented elastic wire, with zero pollution, low cost, excellent performance, and has obtained more than 10 national invention and application patents. The planned investment in dagong New Project is 1 billion yuan, with an annual production capacity of 40,000 tons, revenue of 600 million yuan and profits and taxes of 50 million yuan.

Shaoxing Yingcai Textile Limited Company is located in Asian largest textile distribution centre, which is only three kilometers from the China Textile City. Therefore, our transportation is very convenient. Our company was built in 2002.Through about ten yeas of hard work, we have formed advanced production capacity from design to production. Our company has independent right to import and export. Our machines are well-equipped. We own computer controlled high temperature and high pressure dyeing machines and high frequency drying machines, with capacities from 3kg to 3000kg. We specialize in making all kinds of cotton fabrics, cotton blends, rayon, acrylic fabrics, linen, modal, silk and all kinds of silk cotton yarns. At the same time, we are equipped with circular knitting machines imported from Germany and Japan. We can provide single, interlocked, ribbed and jacquard knitted fabrics. We have world advanced data color system. We will produce as per customers' samples and deliver goods promptly. Our factory adopts cylinder moulds and tint printing production line imported from Japan and Germany. We are sincerely welcome to make business with you.

Affect by COVID-19,many exhibitions have been cancelled. Many companies have to switch from offline to online. With goverment susidies and BossGoo technicial support. Our new website has been set up sucessfully.We hope that with the development of the new website, more and more customers will know us and establish business relations with us. So that our business is thriving

WASHINGTON - The global coronavirus pandemic has sparked an economic "crisis like no other," sending world GDP plunging 4.9 percent this year and wiping out $12 trillion over two years, the IMF said Wednesday. Worldwide business shutdowns destroyed hundreds of millions of jobs, and major economies in Europe face double-digit collapses. The prospects for recovery post-pandemic -- like the forecasts themselves -- are steeped in "pervasive uncertainty" given the unpredictable path of the virus, the IMF said in its updated World Economic Outlook. "The COVID-19 pandemic has had a more negative impact on activity in the first half of 2020 than anticipated, and the recovery is projected to be more gradual than previously forecast," the fund warned. While businesses are reopening in many countries and China has seen a bigger rebound in activity than expected, a second wave of viral infections threatens the outlook, the report said. World GDP is expected to rebound by just 5.4 percent in 2021, and only if all goes well, the IMF warned.