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Textile Industry In China
The textile industry in China is the largest in the world in both overall production and exports. China exported $274 billion in textiles in 2013, a volume that was nearly seven times that of Bangladesh, the second largest exporter with $40 billion in exports. This accounted for 43.1% of global clothing exports.Carlos Braso Broggi. ''Trade and Technology Networks in the Chinese Textile Industry: Opening Up Before the Reform''. Mar. 2016. Palgrave Macmillan. Print. According to ''Women's Wear Daily'', they account for more than 50 percent of the world's total overall production, exports, and retail. As of 2022, their textile and garment exports total up to around $316 billion and their retail up to $672 billion. China has been ranked as the world's largest manufacturer since 2010. The industry began to grow at the turn of the 20th century, until the production of cotton yarn made up about 20% of China's total modern industrial output in that century.Toru Kubo.Chi ...
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General Agreement On Tariffs And Trade
The General Agreement on Tariffs and Trade (GATT) is a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas. According to its preamble, its purpose was the "substantial reduction of tariffs and other trade barriers and the elimination of preferences, on a reciprocal and mutually advantageous basis". The GATT was first discussed during the United Nations Conference on Trade and Employment and was the outcome of the failure of negotiating governments to create the International Trade Organization (ITO). It was signed by 23 nations in Geneva on 30 October 1947, and was applied on a provisional basis 1 January 1948. It remained in effect until 1 January 1995, when the World Trade Organization (WTO) was established after agreement by 123 nations in Marrakesh on 15 April 1994, as part of the Uruguay Round Agreements. The WTO is the successor to the GATT, and the origin ...
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Reform And Opening Up
Reform and opening-up ( zh, s=改革开放, p=Gǎigé kāifàng), also known as the Chinese economic reform or Chinese economic miracle, refers to a variety of economic reforms termed socialism with Chinese characteristics and socialist market economy in the People's Republic of China (PRC) that began in the late 20th century, after Mao Zedong's death in 1976. Guided by Deng Xiaoping, who is often credited as the "General Architect", the reforms were launched by reformists within the ruling Chinese Communist Party (CCP) on December 18, 1978, during the '' Boluan Fanzheng'' period. A parallel set of political reforms were launched by Deng and his allies in the 1980s, but eventually ended in 1989 due to the crackdown on the Tiananmen Square protests, halting further political liberalization. The economic reforms were revived after Deng Xiaoping's southern tour in 1992. The reforms led to significant economic growth for China within the successive decades; this phenomenon has si ...
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Textile Industry
The textile industry is primarily concerned with the design, production and distribution of textiles: yarn, cloth and clothing. Industry process Cotton manufacturing Cotton is the world's most important natural fibre. In the year 2007, the global yield was 25 million tons from 35 million hectares cultivated in more than 50 countries. There are five stages of cotton manufacturing: * Cultivating and harvesting * Preparatory processes * Spinning — giving yarn * Weaving — giving fabrics * Finishing — giving textiles In the textile industry, textile engineering is an area of engineering that involves the design, production, and distribution of textile products through processes including cultivation, harvesting, spinning, weaving, and finishing of raw materials, encompassing both natural and synthetic fibers. Synthetic fibres Artificial fibres can be made by extruding a polymer, through a spinneret (polymers) into a medium where it hardens. Wet spinning (rayon) uses a c ...
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Pacific War
The Pacific War, sometimes called the Asia–Pacific War or the Pacific Theatre, was the Theater (warfare), theatre of World War II fought between the Empire of Japan and the Allies of World War II, Allies in East Asia, East and Southeast Asia, the Pacific Ocean, Pacific and Indian Oceans, and Oceania. It was geographically the largest theatre of the war, including the Pacific Ocean theater of World War II, Pacific Ocean theatre, the South West Pacific theater of World War II, South West Pacific theatre, the Second Sino-Japanese War, and the brief Soviet–Japanese War, and included some of the Largest naval battle in history, largest naval battles in history. War between Japan and the Republic of China (1912–1949), Republic of China had begun in 1937, with hostilities dating back to Japanese invasion of Manchuria, Japan's invasion of Manchuria in 1931, but the Pacific War is more widely accepted to have started in 1941, when the United States and United Kingdom entered the ...
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Textile Mill
Textile manufacturing or textile engineering is a major industry. It is largely based on the conversion of fibre into yarn, then yarn into fabric. These are then dyed or printed, fabricated into cloth which is then converted into useful goods such as clothing, household items, upholstery and various industrial products. Different types of fibres are used to produce yarn. Cotton remains the most widely used and common natural fiber making up 90% of all-natural fibers used in the textile industry. People often use cotton clothing and accessories because of comfort, not limited to different weathers. There are many variable processes available at the spinning and fabric-forming stages coupled with the complexities of the finishing and colouration processes to the production of a wide range of products. History Textile manufacturing in the modern era is an evolved form of the art and craft industries. Until the 18th and 19th centuries, the textile industry was a household work ...
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Shanghai International Settlement
The Shanghai International Settlement () originated from the 1863 merger of the British Concession (Shanghai), British and American Concession (Shanghai), American list of former foreign enclaves in China, enclaves in Shanghai, in which British and American citizens would enjoy extraterritoriality and Consular court, consular jurisdiction under the terms of Unequal treaty, unequal treaties agreed by both parties. These treaties were abrogated in 1943. The British settlements were established following the victory of the British Empire, British in the First Opium War (18391842). Under the terms of the Treaty of Nanking, the five treaty ports including Shanghai were opened to foreign merchants, overturning the monopoly then held by the southern port of Canton (Guangzhou) under the Canton System. The British also established a base on British Hong Kong, Hong Kong. American and French involvement followed closely on the heels of the British and their enclaves were established nor ...
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Two Women Weaving, Suzhou
2 (two) is a number, numeral and digit. It is the natural number following 1 and preceding 3. It is the smallest and the only even prime number. Because it forms the basis of a duality, it has religious and spiritual significance in many cultures. Mathematics The number 2 is the second natural number after 1. Each natural number, including 2, is constructed by succession, that is, by adding 1 to the previous natural number. 2 is the smallest and the only even prime number, and the first Ramanujan prime. It is also the first superior highly composite number, and the first colossally abundant number. An integer is determined to be even if it is divisible by two. When written in base 10, all multiples of 2 will end in 0, 2, 4, 6, or 8; more generally, in any even base, even numbers will end with an even digit. A digon is a polygon with two sides (or edges) and two vertices. Two distinct points in a plane are always sufficient to define a unique line in a nontr ...
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China Hi-Tech Group Corporation
China Hi-Tech Group Corporation, Ltd. (CHTC) is a Chinese conglomerate company. The company is owned by the Chinese Central Government via State-owned Assets Supervision and Administration Commission of the State Council (SASAC). The company main focus is on the textile industry. In June 2017, CHTC became a wholly owned subsidiary of Sinomach, another SASAC company, through a restructuring, as part of a plan to reduce the number of SASAC directly-controlled companies. Operations CHTC is the parent company of Jingwei Textile Machinery ( for 56.04%), Kama ( for 30.27%) and CHTC Fong's Industries (, for 55.80%). The company also owns 10.19% stake of CHTC Helon () and 18.30% stake of Huaxun Fangzhou (), being in both the second largest shareholder, as of 31 December 2015. CHTC Auto CHTC Auto (), translated alternatively as Hengtian, a part of CHTC's Heavy Industry Group (), is CHTC's vehicle production division. CHTC entered into the automotive business in 2008, after reorganisi ...
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Sinomach
China National Machinery Industry Corporation (also known as Sinomach) is a Chinese conglomerate with businesses in tool making, construction equipment, agricultural equipment, and infrastructure construction. In two particular areas of construction engineering, the company is among the top in terms of revenue from international projects. Based on 2013 rankings compiled by the ''Engineering News-Record'', the company is the third largest contractor of power projects and 8th largest contractor of industrial projects. A major subsidiary is the YTO Group, primarily a manufacturer of agriculture equipment. In March 2011, YTO Group acquired McCormick France SAS, a French manufacturer of tractors, as part of strategy for entering the European tractor market. Another major subsidiary of the company is the China Machinery Engineering Corporation (CMEC), a provider of engineering and construction services. The company expressed interest in building a 10,000 to 30,000 acre complex o ...
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Trade Diversion
Trade diversion is an economic term related to international economics in which trade is diverted from a more efficient exporter towards a less efficient one by the formation of a free trade agreement or a customs union. Total cost of good becomes cheaper when trading within the agreement because of the low tariff. This is as compared to trading with countries outside the agreement with lower cost goods but higher tariff. The related term Trade creation is when the formation of a trade agreement between countries decreases the price of the goods for more consumers, and therefore increases overall trade. In this case the more efficient producer with the agreement increases trade. The terms were used by 'old' Chicago School economist Jacob Viner in his 1950 paper ''The Customs Union Issue''. Notable uses An early use of the terms was by Jacob Viner in his 1950 paper ''The Customs Union Issue''. Later in same decade Richard Lipsey Richard George Lipsey, (born August 28, 192 ...
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Central America Free Trade Agreement
Central is an adjective usually referring to being in the center of some place or (mathematical) object. Central may also refer to: Directions and generalised locations * Central Africa, a region in the centre of Africa continent, also known as Middle Africa * Central America, a region in the centre of America continent * Central Asia, a region in the centre of Eurasian continent * Central Australia, a region of the Australian continent * Central Belt, an area in the centre of Scotland * Central Europe, a region of the European continent * Central London, the centre of London * Central Region (other) * Central United States, a region of the United States of America Specific locations Countries * Central African Republic, a country in Africa States and provinces * Blue Nile (state) or Central, a state in Sudan * Central Department, Paraguay * Central Province (Kenya) * Central Province (Papua New Guinea) * Central Province (Solomon Islands) * Central Province, Sri Lan ...
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