Search Results for: China

The Chinese auditing unit of accounting giant PwC has been fined a record Chinese Yuan Renminbi CNY441 million (USD62.7 million) and banned from auditing in mainland China for six months after a regulator concluded it had “covered up and even condoned” fraud.…

The Peruvian alpaca textile and clothing sector is trying to increase formal exports to the United States, despite some trading problems undermining its position. 
Peru’s minister of foreign trade and tourism, Úrsula Desilú León Chempén promoted these sales at garment fairs Sourcing at Magic New York and Coterie New York, in September (2024), stressing Peruvian fabric’s “wide range of materials that are of excellent quality, high durability, and sustainable”, promising to “continue strengthening” the industry (https://efecomunica.efe.com/en/peruvian-textile-companies-look-to-increase-exports-to-us-market/…

The international can making and filling industry is assessing the impact of a second Donald Trump presidency in the USA, given he has threatened to impose universal tariffs on all imports.

Trump has floated imposing 10%-20% tariffs on all US imports, including trades with countries having free trade agreements with America.…

Today, carriers are driving eBL adoption and in many ways have harvested the low-hanging fruit of early adopters. However, the challenge now is to cross the chasm and pave the way to widespread adoption.

What is needed is a clear new value proposition for customers to adopt eBL.…

The ongoing conflict in Myanmar, as its military government loses control over territory to rebel groups, is severely affecting the country’s clothing and textile industry. This is especially in the central Burman region, where a majority of the sector’s factories are located.…

The global cotton supply chain is expected to be impacted by extreme weather events, trade disputes, geopolitical tensions, increasing regulation and more complex shipments in 2025, but traceability and innovation might help to reinvent the sector, experts have said.
According to the US department of agriculture, “2024/25 global cotton consumption is forecast at 115.2 million bales (…) more than 9 million bales below the record level witnessed four years ago”, thanks to more production and consumption of man-made fibres (1).…

The Chinese government appears determined to keep pushing its nation’s economy towards a more sustainable path, issuing five key green economy-related policy documents this year (2024), with eco-plastics supply and eco-plastics packaging part of the focus.

For example, an ‘Opinion on speeding up China’s green economy’ issued in July by the State Council – China’s cabinet – listed directing more companies to use green packaging as one of its main goals by 2030 http://epaper.cenews.com.cn/html/2024-08/12/content_99269.htm…

The European auto sector is uneasy about the 35.3% countervailing duties that the European Union (EU) has imposed on China-built BEVs on top of the standard 10% import tariff. While they were imposed in response to what the EU executive, the European Commission, claims are unfair state subsidies throughout Chinese supply chains that undercut the bloc’s own European Automobile Manufacturers’ Association (ACEA) has declined to comment.…