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ShanghaiTex 2009 sees signs of life in textile industry
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International machine builders exhibiting at the 14th International Exhibition on Textile Industry or better known as ShanghaiTex 2009, commented that some visitors were more inclined to consider placing orders at the dynamic and commercial show in Shanghai from June 12-15.
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Slight pick-up of textile business activities noted at ITM 2009
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Some exhibitors in this year's International Textile Machinery Exhibition (ITM) 2009 exhibition, held early June in Istanbul, noticed that the Turkish market had been very quiet. Even though some visitors were talking about new projects, the plans would not be realised within a short time.
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Strong decline of global textile machinery shipments in 2008 recorded
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A period of heavy investments in most textile machinery segments between 2003 and 2007 came to an abrupt end in 2008. All textile machinery segments recorded lower shipments in the range of -3% to -66% in 2008 as compared to 2007.
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Chinese carmakers win goodwill by car recalls
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Chinese carmakers are recalling more vehicles. Guangzhou Toyota and Dongfeng Nissan have recently submitted files to China's General Administration of Quality Supervision, Inspection and Quarantine (GAQSIQ), applying for a recall of defective vehicles.
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Chinese carmakers see bright future in small-displacement car market
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In order to stimulate the weakening auto industry, China's Premier Wen Jiabao last month chaired a State Council regular meeting and approved in principle the auto industry revitalization plan and detailed supportive measures. Under this plan, the purchase tax on passenger vehicle with engine of 1.6 liters or below is cut to 5% from 10%, effective from January 20 to December 31.
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WTO ruling may impact China auto parts industry
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The World Trade Organization Appellate Body in mid-December rejected an appeal by China against a ruling that favored the United States in a dispute over car parts, the European Union and Canada. According to some industry insiders, this WTO ruling will have impact on the current China's auto parts industry and they believe that imported auto parts and components will possibly seize the market again.
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CIMT review: Fever for the new hot industries rises to the top
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The 6-day exhibition of CIMT 2009 was held at Beijing's China International Exhibition Center (New Venue) early this month (Apr 6-11). As observed by the staff reporters from 2456.com, the huge crowds of visitors were not only seen on the opening day but also on the next two days. According to the data provided by the CMTBA, the total number of visitors of this year's show amounted to 260,000.
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Spanish machine tool sector launches new strategic plan to tackle challenges
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The Spanish machine tool sector has recorded a very sharp fall in demand in the last six months but the sector is launching its new Strategic Plan 2009-12 in order to tackle the complicated future in sight with confidence, reporter from 2456.com learnt from AFM.
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5-minute Interview:
Carmakers eye on domestic flexible production lines, chief engineer of Little Giant says
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With high productivity and also excellent quality, the flexible production lines have become popular among Chinese auto industry and have created a business opportunity for machine tool manufacturers. Huang Jianwen, chief engineer of Little Giant told Annie Yang, reporter of 2456.com about the company's strategy and his opinion.
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