Archive | China’s challenges

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  • “Trump’s an idiot” says currency expert as US Adminstration see-saws on China.

    “I will instruct my Treasury Secretary to declare China a currency manipulator the day I take office” promised Donald Trump on October 22.

  • UK imports from China and near-shore boom after Brexit referendum

    Calculated in square metres of fabric, UK total apparel imports in the last six months of 2016 (after the Brexit referendum and its subsequent sterling devaluation) fell just 0.3% over the same period in 2015.

  • China threatens to call off EU trade talks over WTO dispute

    It’s almost impossible to summarise the dispute between China and most other major trading nations at the WTO.

  • China’s income from apparel exports falls dramatically in the second half of 2016. Especially in exports to the UK.

    The US dollar value of China’s apparel exports fell year on year by 11.4% in the last six months of 2016: an abrupt worsening of the 4.5% fall in the first six months.

  • High-minded idealism is confusing buyers as much as the new nationalism

    Seemingly endless January trade-related government announcements in the US and UK lacked a single detail businesses could use for planning.

  • Trump abandons China “currency manipulation” promise

    Donald Trump announced on January 14 his abandonment of a central campaign pledge about China.

  • Chinese apparel making costs duck national trend as US prices tumble

    Though the world’s business press reported in mid-January that Chinese manufacturing costs grew sharply in December 2016, costs for Chinese apparel and textile makers grew far less. In November 2016 – the latest data available – the price per square metre of Chinese apparel arriving in the US was 9.1% lower than a year earlier.

  • Has China burst its own trading bubble?

    After years of misconceived forecasts it will soon collapse, China’s domination of global apparel exports faces a serious threat – from the Chinese government.

  • The so-far obscure US tax proposal threatening all American apparel importers.

    It’s a safe bet that few readers have paid much attention to the idea of “destination-based” profit taxes. They need to start doing so: right now.

  • China-Korea trade collapses after a year’s “free trading”

    Korean exports to China fell 10.9% in the first year of a free trade deal between the two countries. Chinese exports to Korea fell just 4.8%.

  • How uncertain are the uncertainties facing apparel sourcing?

    I think many of the alleged uncertainties observers forecast for 2017 are badly misconceived.

  • Can US apparel importers expect sudden price rises – or a trade war?

    How seriously should brands and retailers take reports that Trump will slap extra duties on Chinese imports – and China’s almost hysterical response to those reports?