PR Resource – Muarateweh.net

BEIJING, — (Xinhua) — The Export-Import Bank of China said on Monday its non-performing loan (NPL) ratio dropped in the first half, amid efforts to improve its business structure.

The NPL ratio fell to 1.8 percent as of June, compared withł.45 percent a year earlier. Outstanding loans totaled 412.3 billion yuan (58.9 billion U.S. dollars), upʼn1.3 billion yuan from last year.

New loans totaled ፚ.6 billion yuan, up 66.77 percent year-on-year, while total assets rose 16.5 percent to 610.8 billion yuan.
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The Textile Machinery Manufacturing Industry report provides in-depth analysis of the industry’s key financial data, cost and pricing, competitive landscape, industry structure, and trends and opportunities.

Find in this new report complete 2007 data and outlook into year 2012 for the industry represented by the 6-digit NAICS code 333292. This 158-page report also includes the most recent information on the global market and overseas growth opportunities. This detailed information resource contains at least 5 years of independently researched industry statistics cross-referenced with the relevant U.S. and international economic indicators. All data have been verified to ensure the highest quality.
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Trade promotion strategy of the country has not kept pace with the changing global and local environment which has impeded the ability of exporters to fully exploit potential markets.

Economic experts regret that the previous government ignored the swelling imports simply because it could manage the trade deficit by selling the ‘family silver’ to foreign investors. What surprises them more is that the present regime has also not taken any step to put a brake on excessive imports. They say if the trade gap in July, the first month of this fiscal year, is an indicator then the deficit might cross $25 billion this year.

Faisal Qamar, a chartered accountant, commenting on the issue says the economy will completely slip out of government’s hands if some drastic measures are not taken immediately to reduce imports and accelerate exports. In recent years, he says, the Trade Development Authority of Pakistan and to a lesser extent the Engineering Development Board have been trying to promote exports through participation in international trade exhibitions. On the other hand, he adds, the Ministry of Commerce and the Ministry of Textiles have been striving to resolve the issue of high cost of doing business in the country keeping in view the facilities provided by competing economies for their exporters. (continue reading…)

Country’ export sector lacks the capability to capitalize on the depreciation of rupee against the US dollar due to various constraints.

“It is true that weakening of local currency does results in increasing export revenues, however, in the present circumstances this phenomenon needs to be revisited as far as the local exports are concerned”, according to people in the export-oriented sector.

It may be noted that rupee fell sharply against the dollar in the local market in recent days and the greenback closed at Rs 76 on Wednesday. On the one hand, the devaluation of rupee is distorting the trade balance because of burgeoning of trade deficit while on the other, the export sector is unable to benefit because of capacity constraints. “Temporary benefits could be enjoyed by the export sector by weakening of rupee, but this is not sustainable in the long runâ€Â, says Zubair Motiwala, former President Karachi Chamber of Commerce & Industry (KCCI).
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DUBLIN, Ireland, Aug 07, 2008 (BUSINESS WIRE via MarketWacth) — Research and Markets ( http://www.researchandmarkets.com/research/e495dc/indepth_analysis) has announced the addition of the “In-depth Analysis of China’s Bearing Industry 2008″ report to their offering.
China is the world’s fourth largest bearing producer behind the United States, the European Union and Japan, accounting for 10 per cent of the global bearing market. The total sales of China’s bearing industry in 2007 was 80.5 billion yuan, an increase of 25.7 per cent year-on-year and produced various kinds of roller bearing 11,022 billion sets, an increase of 37.86 per cent year-on-year. In the first quarter of 2008 the total roller bearing wasł.46 billion sets, an increase of 13.01 per cent year-on-year.
The majority of bearings produced in China are small and mid-sized, the proportion of large-scale bearing is very small, less than 3 per cent of its total output, but, on the other hand, the price of the large scale bearing per set is relatively higher, in terms of output value that the large-sized bearing accounts for more than 35 per cent of the total. Presently, the small (continue reading…)

HANOI, Aug 4 Asia Pulse – On the apparel retail front, Vietnam is on top of the list of the most lucrative retail destinations, the place India was five years ago, India’s Economic Times has reported.

Ready to take off, Vietnam could challenge India’s dominant position, the newspaper said, adding that Vietnam burst on to the textile scene about five years ago with low wages and a strong consumer market receptive to global brands.

On export front, cost competitiveness has given Vietnam an advantage over India, it said, citing Secretary General of Confederation of Indian Textile Industry D K Nair as saying that textile manufacturers are shifting base to the Southeast Asian country due to lower production costs.
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