China isn’t getting carried away with the buoyant trade growth of recent months, with officials warning of a possible slowdown in trade growth in the second half, while vowing to address problems like rising raw material prices and congested maritime logistics, which are eroding trading companies’ profits. These top-level efforts to curb potential risks as...
Nike is at risk of running out of sneakers made in Vietnam as the Covid crisis worsens around the global, according to a new report from S&P Global Market Intelligence. The warning comes after two of Nike’s suppliers in Vietnam, Chang Shin Vietnam Co. and Pou Chen Corp., recently halted production due to a rapidly growing Covid outbreak in...
Italy’s exporters have recovered to pre-pandemic levels, according to two reports jointly released on Friday by the country’s National Institute of Statistics (ISTAT) and the Italian Trade Agency (ICE). According to the 35th edition of the “Italy in the International Economy” report and the “Yearbook of Foreign Trade and International Business Activities,” the recovery of...
VALLETTA, July 15 (Xinhua) — Fueled by vaccination campaigns, the European economy started to rebound in the second quarter of this year, and is expected to recover faster than expected for the whole year. Nevertheless, economists remain concerned over the possible emergence of vaccine-resistant strains of COVID-19, as a recovery depends largely on Europe’s ability...
Goods bound for destinations along the Belt and Road Initiative from Ningbo-Zhoushan Port in east China’s Zhejiang Province set a record high in the first half of 2021, according to statistics from Zhejiang Port and Navigation Management Center. As a pivot for the BRI, the number of container routes from the port reached 272 by...
G20 financial leaders reached an agreement on a “more stable and fairer international tax architecture” with a plan including a global minimum tax rate of 15 percent, sparking concern that the flow of foreign direct investment (FDI) into countries like China may decrease without favorable tax rates. However, experts said that a global minimum tax...
ROME, July 6 (Xinhua) — The positive impact of Italy’s vaccination campaign on the evolution of the coronavirus pandemic would also boost the country’s economic recovery, enabling the eurozone’s third largest economy to grow about five percent this year, the governor of Italy’s central bank said on Tuesday. “Thanks to the good pace of the...
Pierangelo Masciadri has been selling ties from his small atelier on the shores of Lake Como since the 1970s, but the pandemic has forced him to take his sales online. As businesses across Europe closed their doors during last year’s lockdowns Masciadri, who has tens of thousands of customers around the world, including former US...
It is still half a year until Christmas, and customs and traders in Yiwu, East China’s Zhejiang Province, the world’s “supermarket” and factory owners in South China’s Guangdong Province, the “world’s factory,” are moving up their schedule to make and deliver much-needed goods to the US and European countries ahead of the biggest holiday of...
In our last article, we talked about how China became the world’s leading manufacturing center and the leading industry clusters in this country. Now, in this article, we will talk more in depth about the “MADE IN CHINA 2025” development plan. The Made in China 2025 plan is a strategic initiative with the aim of...