Search Results for: China

European Union (EU) knitwear brands are facing an upcoming ban on the destruction of their products, when unsold and unused, under a proposed EU ecodesign regulation. The EU Council of Ministers is planning to insist on this ban during negotiations with the European Parliament and European Commission about a final text.…

The passage into law of the European Union’s (EU) long discussed carbon adjustment mechanism (CBAM) on May 17 (2023) could in future help EU finishing chemical producers sell more product to European textile manufacturers – but costs might rise as a result, impacting overall competitiveness.…

Bangladesh clothing manufacturers have been looking to expand export sales beyond their established markets in the European Union (EU), the United States, Canada and the UK, seeking new revenue in non-traditional markets such as Brazil, India, Japan and South Korea.

According to data from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Bangladesh apparel exports for 2022 (calendar year) have sourced 16.1% of revenue from non-traditional markets – USD7.35 billion, out of overall apparel exports of USD45.7 billion.…

The China-Central Asian Summit that took place in China’s Xi’an in May 18-19 will positively affect Chinese textile and related input sourcing well beyond Central Asia, analysts’ comments and Chinese-language media reports indicate. China’s President Xi Jinping used the event, that was also attended by the leaders of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan, to unveil an ambitious plan to help elevate Central Asia to the next level of its development — from building infrastructure networks to boosting trade (1).…

The Qatargate scandal continues to encourage the European Parliament and other European Union (EU) institutions to tighten protections against graft and inappropriate influence, especially from non-EU governments.

Its key suspect Greek MEP Eva Kaili has been under house arrest since May and has (as of July) yet to revisit the parliament, where she remains a full member.…

The US Inflation Reduction Act (IRA) is pushing the European Union (EU) and the UK into paying more subsidies to attract battery electric vehicle (BEV) and battery production to Europe.

While the UK’s Advanced Propulsion Center (APC) forecasts 5 million more BEVs globally by 2030, requiring 3,306 gigawatt hours (GWh) in batteries, (1), the US and China may benefit more in production terms.…

The Thailand paint and coatings sector is expanding faster than general economic growth in Thailand, expanding sales as the country transitions from military-dominated to democratic rule.

This southeast Asian powerhouse economy is projected to grow GDP by 3.9% in 2023, up from 2.6% last year due to stronger-than-expected export demand from China, Europe, and the United States, according to the World Bank (1).…

This southeast Asian powerhouse economy is projected to grow GDP by 3.9% in 2023, up from 2.6% last year due to stronger-than-expected export demand from China, Europe, and the United States, according to the World Bank (1). 

Thailand’s ministry of commerce has maintained a targeted year-on-year growth for exports this year of 1%-2%, after a 5.5% gain in 2022 (2).…

China’s sportswear brands have witnessed significant growth in sales during the Covid-19 pandemic, especially on domestic markets where consumers have embraced athleisure trends. Prominent examples include Beijing-based Li-Ning and Jinjiang-based Anta, which reported Chinese Yuan Renminbi-denominated sales growth of 14.3% (1) and 15.5% (2) respectively in 2022.…

Consumers in the rich east Asian markets of Japan and South Korea are increasingly keen on heated tobacco and vape products, although regulatory hurdles are restricting sales growth.

E-cigarettes that contain nicotine have long been prohibited under Japan’s Pharmaceutical Affairs Act in 2010 (1), although products without nicotine are proving popular with young adults, aged up to 29, according to a study by the Osaka International Cancer Institute (2) published in 2022.…