Search Results for: hong Kong
10 results out of 961 results found for 'hong Kong'.
CHINA’S FINISHING SECTOR READIES TO INJECT MORE SUSTAINABILITY INTO SYNTHETIC DYE SEGMENT
Although China’s 13th Five-Year Development Outline for the Textile Industry (2016–2020) mandated sustainability improvements for China’s entire textile industry, the government’s efforts to improve the environmental performance of the country’s synthetic dye segment have gained visible momentum more recently, under the 2021-25 14th Five-Year plan. …
SRI LANKA CLOTHING SECTOR PROTECTS ITSELF FROM NATIONAL CRISIS – BUT FOR HOW LONG?
Sri Lanka’s clothing export sector is facing economic and political chaos in its island country as its President Gotabaya Rajapaksa imposed a state of emergency on Friday (April 6) amidst spiralling protests and foreign currency reserves collapsing to below USD50 million.…
CHINA’S ‘GREEN FASHION' PHENOMENON IS REAL AND INCREASINGLY IMPORTANT
Chinese consumers are displaying an increasingly keen interest in sustainable fashion, being aware from personal experience that pollution can have a disastrous impact not only on the overall environment but also on their health. A Chinese University of Hong Kong report in 2018, for instance, concluded air pollution caused an average 1.1 million premature deaths in China.…
SMART TEXTILES TARIFFS AND DUTIES – DEEP DIVE
INTRODUCTION
In the competitive and innovative world of smart textile manufacturing and sale, companies strive to maximise functionality and minimise costs. Their ingenuity is the basis of their competitiveness. But as with all industries, some costs are out of their control.…
TEXTILE SECTOR MULLS IMPACT OF RUSSIAN INVASION OF UKRAINE ON ENERGY PRICES
Russia’s invasion of Ukraine has disrupted energy supplies and raised concerns about the future availability of oil and gas, inflating these commodity prices and hence energy prices, increasing textile and apparel processing costs worldwide. On December 21, as Russia was preparing to send its military into Ukraine-government controlled territory (February 24), Brent crude was selling for USD71.57 a barrel.…
CAMBODIA’S GARMENT SECTOR STRATEGY AIMS TO MAKE EXPORTS MORE COMPETITIVE
The Cambodian government has now launched a long-awaited five-year development plan to shape the future of the country’s garment, footwear and travel goods sector by boosting productivity and reducing tariffs on businesses, but industry commentators say its proposed reforms are still at an early stage.…
COUNTRY PROFILE: VIETNAM
The Vietnamese apparel sector is a great success story, but to maintain its strong position, the country will have to build backward linkages, while mitigating some deep-rooted cost and labour challenges. Data from the World Trade Organisation (WTO) shows that from the 1990s, the country’s garment industry has risen from a low base to overtaking Bangladesh’s exports’ sales in 2020, with USD29 billion overseas sales revenues, ranking second worldwide.…
SECRETIVE SHEIN WAS UNEXPECTED BENEFICIARY OF TRUMP’S TRADE WAR AND INNOVATIVE MOBILE-BASED ORDERING
China’s fast fashion cross-border e-commerce fashion retailer Shein is little known within China but its profile overseas continues to rise, with Reuters reports estimating the company may have generated about Chinese Yuan Renminbi CNY100 billion (USD15.7 billion) in revenue in 2021 as the Covid-19 pandemic shifted global consumption online.…
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.…
UKRAINIAN COSMETICS INDUSTRY COLLAPSES FOLLOWING RUSSIAN INVASION
The Ukrainian cosmetics industry has been hit hard by Russia’s invasion, forcing many producers to halt production and close their businesses. The country’s personal care products market had been projected to generate USD2. 9 billion in sales during 2022 by data service Statista (1) and has been steadily growing year on year.…