Search Results for: China
10 results out of 3991 results found for 'China'.
CHINA GOVERNMENT BACKS LOCAL OVER FOREIGN INFANT FORMULA BRANDS, BUT BIRTH RATE FALLS THREATEN REVENUES FOR ALL
The Chinese government has been hindering international infant formula brands by encouraging the growth of domestic manufacturers while failing in its attempt to boost the birth rate, reducing overall demand.
The government has been rolling out its Action Plan for the Promotion of Domestic Infant Milk Formula published in May 2019, involving stricter manufacturing quality standards to improve faith in Chinese brands such as Feihe.…
DATA SHOWS INTERNET FRAUD RISE IS FAR FROM OVER – EXPERTS CALL FOR ACTION
Crime statistics being released by law enforcement agencies worldwide tell an unhappy story – that online fraud is growing fast. Action Fraud, the UK’s national reporting centre for fraud and cybercrime, estimates that 80% of reported fraud in the UK in the 2021/2022 reporting year was cyber-enabled (1).…
EU ROUND UP - EPPO IDENTIFIES EUR5.4 BILLION N EU SCAMS WITHIN FIRST SEVEN MONTHS’ OPERATIONS
The European Public Prosecutor’s Office (EPPO) has launched its first annual report, saying that by December 31, it had processed 2,832 crime reports, opened 576 investigations (515 still active that day), identified EUR5.4 billion in estimated damages to European Union (EU) budgets and seized EUR147.3 million from alleged criminals.…
ANTI-FRAUD INVESTIGATOR SALARIES RISE AS FINANCIAL CRIME CONTINUES TO GROW
With fraud levels booming – a PwC report released last May (2021) said 47% of more than 5,000 interviewees’ companies suffered an average of six frauds in the previous two years – anti-fraud professional salaries are growing. (1)
The Association of Certified Fraud Examiners (ACFE) will release its next anti-fraud sector salary survey in the summer, but Mason Wilder, an ACFE research specialist confirmed pay is “going up – as are most wages and salaries in professional fields”.…
NEW ZEALAND’S BUTTER EXPORT SECTOR EMERGES FIGHTING FIT FROM COVID-19 PANDEMIC
NEW Zealand’s butter industry is thriving, despite the disruption of Covid-19 and now Russia’s invasion of Ukraine, with strong export demand particularly from China but also from other markets worldwide, especially in the ASEAN (Association of Southeast Asian Nations) bloc. Major exporter Fonterra is also looking ahead to a world that increasingly cracks down on carbon emissions, introducing the first carbon-zero certified organic butter made in NZ, reflecting how consumers are seeking more sustainability in their food purchases.…
RUSSIAN INVASION OF UKRAINE CAUSES MAJOR DISRUPTION TO CLOTHING SUPPLY CHAINS IN RUSSIA
The Russian clothing retail and manufacturing industry is suffering because of sanctions imposed because of its government’s invasion of Ukraine, but the sector’s close links to Asia and Turkey are likely to reduce the impact.
With the war continuing, Russian bombers today (March 17) bombed a theatre in Ukraine’s port city of Mariupol, Svetlana Melnichenko, president of the Saint Petersburg-based Chamber of Textile and Fashion, noted that Russians were not in the mood to buy new clothes: “It’s spring.…
ASIAN REGULATORY ROUND UP – MALAYSIA PAINT SECTOR EXPECTS SALES BOOST FROM GOVERNMENT PROJECTS
Malaysia’s paint companies are expecting an increase in sales through 2022 11.5% construction sector growth projected by the finance ministry, in part fuelled by major government infrastructure projects. These include the Kuala Lumpur-region Light Rail Transit Line 3 and Mass Rail Transit Line 3; the Johor-Singapore Rapid Transit System, and the Pan Borneo highway, lining Sabah and Sarawak with Brunei and Indonesia’s Kalimantan region, the ministry said in its Economic Outlook 2022 report.…
PERSONAL CARE PRODUCT SECTOR UNPHASED BY NEW CHINA PACKAGING STANDARD PROMOTING SUSTAINABILITY
A new Chinese standard aimed at controlling excessive packaging that comes into force September 2023 will be painful for the cosmetics sector in the short-term but promote sustainability in the long run, say analysts.
China’s State Administration for Market Regulation’s China GB 23350-2021 ‘Requirements of Restricting Excessive Package–Foods and Cosmetics’, announced September 2021, (http://www.gov.cn/xinwen/2021-09/03/content_5635105.htm)…
UKRAINE AND RUSSIA CAN SECTOR FACES MAJOR DISRUPTION THROUGH RUSSIAN INVASION
The Russian government’s bloody and destructive invasion of Ukraine has harmed operations of the metal packaging sector and their aluminium and steel suppliers in both Ukraine and Russia, having an international impact on the can manufacturing and filling industry. New records are being set for the international price of aluminium, up 28% in 2022, reaching USD3,849 per tonne (1) on March 4, then settling back to USD3,398, approximately level with the price following a spike that occurred on February 24, right after the invasion began.…
ASIA PACIFIC COATINGS DEVELOPERS TARGET NANOTECH ADDITIVES TO GENERATE MARKET GROWTH
The Asia-Pacific paint and coatings industry will play a key role the growing global nanotechnology-based coating market, with the region expected to register most significant expansion of production in the coming decade, said a market report titled Nano Coatings Market Size, Growth, Industry Analysis, 2022-2029, published in December 2021 by India-based DataM Intelligence (1).…