Search Results for: China

THE LONG lines of customer to the cash register in Inditex stores – the giant Spanish company behind High Street fashion brands Zara, Bershka and Pull&Bear (among others) – are also now buying personal care products as well as clothes. They funnel customers through shelves that are not only bursting with low-cost impulse buys, such as hair accessories, smart phone covers and key rings, but now also Inditex scents.…

THE RUSSIAN government has in the past decade has a policy priority of re-establishing it country’s industrial base, and reducing its reliance on imports, paid for by Russia’s energy exports.

These goals cover its paints and coatings sector, and by 2021 Sibur, a Russian petrochemical company, plans to launch production of key ingredient maleic anhydride, with a plant in Tobolsk, Siberia, producing up to 45,000 tonnes a year.…

HONG Kong accountants may see an increase in demand for non-financial assessments, with the HK Stock Exchange consulting on proposed new environmental, social and governance (ESG) reporting. It is proposing introducing mandatory disclosure requirements to include board statements considering ESG issues; and what reporting principles are used to develop company ESG reports.…

THE US government has increased its existing 10% additional duties on imports of automotive parts, engines and chassis from China to 25% from today (May 10), citing a lack of progress on ongoing trade talks.

These duties cover a wide range of China-made engines, chassis, and parts, although not assembled vehicles.…

VIETNAMESE cotton yarn-makers face a period of uncertainty due to raw material price volatility and the ongoing trade war between the US and China which threatens demand stability from Chinese textile and clothing manufacturers. China is the largest importer of Vietnamese yarn and accounts for more than 60% of Vietnam’s total yarn exports. …

TURKEY is delaying introducing new requirements and tariffs on textile imports from China while its government waits to see if there is any escalation in the ongoing Sino-American trade war. The government in Ankara has been mulling protecting Turkey’s textile trade with China since last June (2018), to lessen the country’s trade deficit with China, aiding Turkish manufacturers, according to Turkish newspaper reports.…

Since China’s Premier Li Keqiang has announced his country’s ‘War on Pollution’ in 2014, the world’s main supplier of synthetic fibres and the second-largest supplier of cotton has consistently reduced its textile sector’s adverse impact on the environment.

The government has introduced a slew of new environmental controls and these continue to be introduced.…

MOTOR vehicles and their parts were the second most common category of goods reported in safety warnings by consumer regulators in the European Union (EU) last year, according to a new annual report from the EU Safety Gate system. This involves European consumer regulators receiving safety warnings about products, including from auto manufacturers, and circulating these alerts via this central European portal.…

Europe’s universities have been told how they need to be flexible when developing models to generate innovation with real value to society, ensuring this work meshes effectively with business partners.

The message came at the European University Association’s (EUA) annual conference, in Paris, on April 11-12.…

ON the face of it, Japan and Russia are perfect partners for growing trade in liquified natural gas (LNG). Japan has always had few fossil fuel resources for powering its sophisticated industrial economy, and Russia has plenty of gas to export.…