All china articles
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Vietnam relies on China to uphold 2024 exports
Vietnamese shoemakers expect 2024 to be a challenging year but are relying on China to underpin exports, according to Phan Thi Thanh Xuan, the Vice President and General Secretary of Lefaso, the Vietnam leather, footwear and handbag association. In 2023, Vietnam generated $24 billion in revenues from leather and ...
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Brazilian footwear exports rise in volume in October
In the first ten months of 2023, Brazilian footwear exports totaled 102.5 million, down by 14 percent year-over-year in volume, and generating about $1 billion in revenues, down by 8.8 percent in value. Compared to the first ten months of 2019, prior to the impact of Covid-19, exports were up ...
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Ferragamo takes full control of 3 Chinese joint ventures
Salvatore Ferragamo is taking full control of three joint ventures in Greater China by buying out the minority shareholder Imaginex for $42.0 million. Under the transaction, Ferragamo and its subsidiary Ferragamo Hong Kong are acquiring 25 percent stakes in Ferragamo Moda (Shanghai) and Ferrimag and a 24.8 percent stake in ...
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ArticleChina becoming more challenging for foreign investors - AmCham Shanghai
Sentiment about doing business in China is at a record low as the country becomes more challenging for foreign investors, according to a survey released by The American Chamber of Commerce in Shanghai (AmCham Shanghai). “U.S.-China bilateral tensions, Covid disruptions and macroeconomic pressures, member companies report worsening business results and ...
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ArticleMain footwear producing countries suffer sharp falls in exports
The world’s four main footwear manufacturing countries have registered “very significant” falls in exports during the first half of 2023, according to data collected by Apiccaps, the Portuguese footwear association. Some key consumption markets are clogged up with inventories, stemming from overbuying to overcome disruption to the supply chain caused ...
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ArticleCanada probes Walmart, Hugo Boss, Diesel for alleged use of Uyghur forced labor
The Canadian Ombudsperson for Responsible Enterprise (CORE) will launch investigations regarding the alleged use of Uyghur forced labor in China by the Canadian units of Walmart, Hugo Boss and Diesel. CORE has published initial assessment reports regarding complaints about Walmart Canada, Hugo Boss Canada and Diesel Canada for allegedly benefitting ...
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ArticleU.S. footwear imports to plunge in 2023 due to bloated inventories
U.S. footwear imports are likely to plummet to below 2.0 billion pairs this year after a nearly 30 percent growth in 2022 to nearly 2.75 billion pairs, according to data from the U.S. International Trade Commission and a forecast from the The Footwear Distributors & Retailers of America (FDRA). Correspondingly, ...
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ArticleChinese brands eye the Russian market
Numerous Chinese brands plan to enter the Russian market, eyeing the empty space left by Western companies, the Russian newspaper Izvestia reported, citing sources in the Russian Union of Shopping Centers. At the end of 2022, Chinese companies already accounted for 15 to 20 percent of the shopping floor in ...
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Germany requires Covid tests for travelers from China
Travelers coming into Germany from China will be required to present a Covid-19 test to enter the country, announced the German Health Minister Karl Lauterbach. Passengers from China must present “at least a rapid antigen test,” Lauterbach said in a note. At the same time, he added that there would ...
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First wave of Chinese Covid cases may peak on Jan. 13
A first wave of Covid-19 cases in China is expected to peak on Jan. 13 with 3.7 million cases a day, according to Airfinity, a British provider of global health intelligence and analytics. Deaths are estimated to peak 10 days later at approximately 25,000 a day. By that stage, China ...
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China condems Covid tests on its travelers
China has condemned the imposition of Covid-19 tests by about a dozen countries for travelers from the country and has warned that “countermeasures” are possible. “Some countries have taken entry restrictions targeting only Chinese travellers,” Foreign Ministry spokesperson Mao Ning said during a regular briefing. “This lacks scientific basis and ...
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Spain introduces Covid controls for passengers from China
Spain is introducing Covid-19 controls in its airports for passengers coming from China, announced the health minister Carolina Darias. Passengers will have to prove that they have been tested negative or are fully vaccinated, she said. Other countries including, Italy, have also introduced mandatory tests on travelers coming from China, ...
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ArticleU.S., Italy introduce Covid tests for travelers from China
The U.S. and Italy are introducing Covid-19 tests for travelers coming from China. The U.S. Centers for Disease Control and Prevention (CDC) said that from Jan. 5 all air passengers two years and older will be required to get a test no more than two days before their departure from ...
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China drops Covid quarantine for in-coming travelers
Chinese health authorities announced that the countrywill abolish mandatory Covid-19 quarantine for travelers coming into the country from Jan. 8. The decision was made despite a jump in Covid cases in the country, which are estimated to have reached 250 million over the last three weeks. Meanwhile, countries including Japan ...
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China starts authorizing Covid infected people to work
Local Chinese authorities are allowing people to return to work even if they have Covid-19 symptoms. Previously, a single case of Covid-19 could lead to the lockdown of several thousand people in the country. In December, the government changed its zero-Covid policy and eased its harsh restriction measures. The measures ...
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China eases Covid-19 restrictions
China announced a general relaxation of Covid-19 health rules, authorizing patients with mild symptoms and for asymptomatic cases to quarantine at home. Previously, such cases were sent to mass quarantine centers. The National Health Commission also indicated that negative PCR test results will no longer be needed for domestic travel ...
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China relaxes Covid restrictions
The Chinese government is relaxing some of its Covid-19 restrictions after the measures were rubber-stamped by the Politburo Standing Committee. Quarantine for inbound travelers is cut to eight days from 10, resulting in five days in state isolation centers and three days at home, according to the country’s National Health ...
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China shortens Covid quarantine to 10 days for incoming visitors
China has decided to cut the mandatory quarantine period for incoming visitors to 10 days from up to three weeks previously, according to new Covid-19 guidelines from the national health commission. People entering the country must now spend seven days in a government-controlled facility before monitoring their health a further ...
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Chinese economic situation worse than in 2020
The Chinese Prime Minister Li Keqiang said that the country is facing a “critical moment” with difficulties that are worse, to a certain extent, than in 2020 when the Covid-19 pandemic emerged. China is tackling a resurgence of the pandemic and has applied a zero-Covid policy resulting in restrictions, including ...
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China to increase coal production by nearly 6%
China is due to increase coal production by nearly 6 percent to address power shortages affecting the country, the news agency AFP reported citing the country’s National Development and Reform Commission (NDRC). China is the world’s main coal producer and polluter, as well as the largest manufacturer of footwear, and ...
