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BY WANG FANGQING

TO many Chinese manufacturers, 2011 has been a difficult year – an unfortunate combination of the fast-rising Chinese Yuan Renminbi (CNY); soaring inflation; and a shortage of available investment. And the horizon is not getting brighter: at the beginning of October, for example, the US Senate passed a controversial currency bill, aimed at punishing China for ‘currency manipulation’ with retaliatory tariffs.…

BY ANDREW MCEWEN

CASHMERE industry specialists attending the fourth annual Cashmere World trade show in Beijing have welcomed the Chinese government’s release of a China cashmere standard, but told just-style the only really effective way to ensure quality was a mature market.…

BY KEITH NUTHALL

RETAIL – WINNERS AND LOSERS

WINNERS

H&M

The Sweden-based brand expanded across the world this year, planning to open 220 new stores, mostly in western Europe and the US. Hennes & Mauritz’ (H&M) third quarter sales of SEK26.89bn (US$4bn) showed a sharp 14% increase on the previous quarter.…

BY VILLEN ANGANAN

Madagascar’s textile and clothing sector has been harmed by the country’s suspension from the USA African Growth and Opportunities Act (AGOA). It lost these trade benefits last December after President Andry Rajoelina seized power in March 2009 with army backing.…

BY KEITH NUTHALL

A MEETING of the Global Forum on Transparency and Exchange of Information for Tax Purposes, staged by the Organisation for Economic Cooperation & Development (OECD) has accepted reports highlighting significant shortcomings in openness for some jurisdictions. The Pacific island state Vanuatu fared worse, being accused of "significant deficiencies in the availability of information" with its government lacking "any powers to access information" about taxing its residents and companies.…

BY MARK GODFREY

SUSTAINED economic growth and soaring passenger numbers are both reasons why Beijing is building a long-mooted second airport for commercial and cargo use. Digging into a US dollar USD$400 billion national fund for infrastructure, the Chinese capital is opening a new airport to cope with expected overcrowding at the city’s Beijing Capital International Airport (BCIA), which added its celebrated dragon-styled Terminal Three only two years ago.…

BY ANDREW MCEWEN

CHINA’S domestic cashmere market appears to be booming, figures released at the fourth annual Cashmere World trade show in Beijing demonstrate. Chinese imports of cashmere products increased 153% to US dollars USD13.2 million from January to July this year (compared with the same period last year), said Tian Hong, director of the CFNA (China Chamber of Commerce for Import and Export of Foodstuffs, Native Produce & Animal By-Products) at the National Convention Centre event from October 24-26.…

BY MJ DESCHAMPS

With the global textile and clothing industry this year emerging from a deep slump, it is perhaps understandable that there were going to be unexpected twists and turns in the sector during 2010. Of course, the fashion business is always colourful, and attracts characters and innovation.…

BY BILL CORCORAN, DINAH GARDNER, RAGHAVENDRA VERMA, KEITH NUTHALL

IF there is one good indicator that niche spirit markets are developing in emerging markets, it surely has to be sales of single malt Scotch. And by that rough and ready yardstick, such markets are well on their way.…

BY KEITH NUTHALL

A NEW global survey involving the International Bar Association (IBA) has revealed widespread concern amongst lawyers that their profession is compromised by corruption. Working with the Organisation for Economic Cooperation & Development (OECD), the IBA showed that nearly half of all respondents stated corruption was an issue in their own legal profession; more than 70% said so in the former Soviet Union, Africa, Latin America, the Baltic States and eastern Europe.…