Former Executive of France’s Hermès is Now a CEO within China’s Wensli Group, a High-end Silk Products Manufacturer

Wensli Group announced Wednesday it had named a former Hermes executive as CEO of one of its companies in a move designed to make it one of the world’s dominant high-end silk producers. Patrick Bonnefond, former head of Hermes Textile Holdings, is now chief exectutive officer of Wensli Silk Culture Co. Still based in France, he

Chinese Yarn Imports Rise due to Inflated Domestic Prices for Raw Cotton

China’s aggressive cotton stockpiling policy has pushed up domestic prices, forcing the world’s largest textile industry to boost imports of yarn by as much as a third in 2013, while production moves to southeast Asia, drawn by lower costs there. Beijing’s stockpiling moves, launched in 2011 and designed to support farmers, have held domestic cotton

China Lowers Import Tariffs on Milk Powder, Textile Products and Fertilizers to Boost Consumption

China will lower the tariffs on 784 imported products starting from January as part of a major effort to boost domestic consumption, the Ministry of Finance said on Monday. The temporary adjustment will allow the products, grouped into five major categories, to be imported on a tax rate that is lower than the most-favored-nation tariff,