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AS China moves gradually onwards with the long-promised liberalisation of its currency exchange regime, increased use of offshore companies and bank accounts by Chinese officials is refocusing Chinese attention on the illicit outflow of funds from the country. These have been facilitated and even prompted by China’s ongoing efforts to encourage investment overseas while also liberalising its currency regime.…

The Kenyan government has confirmed to just-style that its ministry of industrialization and enterprise development has entered into a deal with Chinese firm Jiangsu Lianfa Textile Company to build a major textile plant. The Nantong, Jiangsu province-based corporation has agreed to build the plant at Naivasha, a lakeside town ninety-two kilometres north-west of Nairobi, the country’s capital.…

THE STRENGTH and diversity of Bangladesh knitwear producers’ supply chains is one reason why this key outsourcing location is so popular with international brands. And indeed, attention to the supply chain is the mantra of Bangladesh knitwear boss Mohammed Abdul Jabbar.…

THE CATTLEMEN’S Beef Promotion and Research Board in the USA will spend USD10.5 million of its USD39 million investments planned for the fiscal year of October 1, 2014-2015 to promote beef sales in its domestic market.

The goal of this consumer information campaign is to “improve domestic preference for beef by educating consumers about things like beef safety, nutrition and health, convenience, taste and value,” the board’s communications manager Diane Henderson told globalmeatnews.com.…

Plans to build a major textile factory in Ethiopia are closer to being realised for Chinese textile company, Jiangsu Lianfa Textile Co. Ltd, after a pre-investment plan to construct the USD500 million factory was finalised this month (September). 

Its decision to invest in the Horn of Africa country comes after making investment assessments in Kenya, Uganda and Tanzania.…

China, the world’s top cotton consumer – has announced a significant reduction to its low duty 2015 cotton import quota to boost demand for domestically-produced fibre, but experts disagree over whether the policy could pose risks for textile and clothing manufacturers.…

Tiny Paraguay is now the world’s eighth top beef exporter says US government figures, ahead of meaty superpowers such as Argentina (11th), but their aim is to be number five by 2020 and have 20 million head of cattle available in that year alone.…

THE EUROPEAN meat market is not in crisis following the embargo imposed by Russia on meat from the European Union (EU), a European Commission expert has told globalmeatnews.com.

Looking at price levels and producers’ margins, Dr Kai-Uwe Sprenger, market officer for animal products at the European Commission’s directorate general (DG) for agriculture, said that there are no significant variations in these two areas so far.…

THE UNITED States is trying to come up with a tailor-made international marketing strategy to tap a bigger share of pork sales, now growing at an estimated 12% between 2013- 2018 globally, the country’s National Pork Board (NPB) vice president for strategic communication Kevin Waetke said.…

AN ITALIAN-Chinese company is attempting to emulate IKEA in the automobile market, by offering a modular home and small-workshop production system for putting together a part-made car.
Based in Hong-Kong with a research and development centre in Busto Arsizio, Italy, OSVehicle is currently developing a homologated, modular car platform, called the Urban TABBY, with the key components for making a finished car that is legal to drive on roads across the European Union (EU).…