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Chinese construction firms have cornered plenty of business in Africa and Latin America, but they need upskilling to consolidate their position. Anyone who observes the queues of nervous young men lining up in the early morning in Beijing’s tree-lined Sanlitun diplomatic district will be in no doubt of the intensity of Chinese activity in Africa and Latin America.…

European Union (EU) meat production is projected to start growing in 2014, according to the European Commission, as Europe’s economic recovery solidifies. This could be up 0.7% year-on-year for beef, veal, pigmeat, poultry, sheep and goat meat. However, exports might fall for pigmeat and poultry, with Russian import bans especially causing problems for pigmeat.…

EXHIBITORS at two key international textile and shoe exhibitions in Vietnam have spoken personally to WTiN.com on the value of investing time and money appearing at such shows.

The Vietnam International Exhibition on Garment Manufacturing Equipment and Fabric 2014 was organised concurrently with the International Shoes and Leather Exhibition 2014 in Ho Chi Minh City from July 16 to 18.…

The investment arm of Hong Kong-based Li & Fung is investing in US-based Centric Software Inc, a provider of product lifecycle management (PLM) software to the apparel industry, helping Centric’s expansion into Asia. Centric announced yesterday (July 29) it has secured USD24 million in growth capital from financiers including Fung Capital USA – the investment arm of Hong Kong-based Fung Group, which includes Li & Fung.…

Li & Fung Ltd may have been unwilling to discuss claims that it was considering investing in the country’s planned Athi River export processing zone ‘textile city’ but the truth is that Africa is increasingly a focus of foreign clothing and textile investment.…

Many eyes will be on a court room in Shanghai on July 29 when a Chinese judge will decide the fate of one of the most prominent investigators of fraud in China. The trial of Peter Humphreys and his wife Yu Yingzheng follows a year’s imprisonment for the two, who founded ChinaWhys, a Shanghai and Hong Kong-based firm that performed due diligence, credit checks (as well as investigations of staff for possible kickbacks or embezzlement) for western corporations in China.…

Chinese investment in sub-Saharan Africa’s textile processing sector is creating new capacity for finishing, but progress is uneven. Whilst China’s growing presence in the region is far from universally popular, industry figures consulted by International Dyer across the continent were generally positive about the trend.…

AN INFLUX of big-brand café and convenience retail chains is whetting China’s appetite for sweet bakery, including in smaller cities. Brands are diversifying and moving upmarket, offering coffee and seating.

Take Beijing’s Beixinqiao, in the city’s older quarter, a busy intersection of residential blocks and a hub for restaurants and youth-focused fashion stores.…

In 2010, Ernst & Young (EY) Hua Ming, the auditing company’s affiliate in Beijing, resigned as auditor of Standard Water Ltd, a China-based water treatment company, citing inconsistencies in Standard Water’s documents following its attempt to go public. Standard Water then withdrew its initial public offering (IPO) application in Hong Kong.…

THE HONG Kong Institute of Certified Public Accountants (HKICPA) has welcomed the launch by the Hong Kong government of proposals to reform the special administrative region’s regulatory regime for auditors of listed companies and other organisations.

There will be three months of consultation (ending September 20) on the proposals whose goal is enhancing the independence of Hong Kong’s audit regulators.…