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Friday, June 27, 2008 |
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HK’s clothing industry goes green
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HONG KONG: German and Japanese machines whir endlessly in one of
Hong Kong’s few remaining spinning mills as the droning sound of
raw US cotton being spun into thread for clothing made in China hums
24 hours a day.
The mill is one of only two remaining in the
city where more than 30 thrived just 20 years ago.
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O T H E R F E A T U R E S
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Taiwan eases investment
regulations in China, HK
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TAIPEI: Taiwan on Thursday announced that it will relax restrictions
on financial investments in China and Hong Kong by local firms amid
improving ties between the rivals.
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ANALYSIS
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China might need to focus
on growth, not inflation
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Though the consumer price index (CPI) in China
abated a bit in May, the continued monetary policy had little to do
with it. The overall scenario suggests more upward inflationary
pressures down the road. However, China may soon find that inflation
is not the most important target to focus on.
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