Workers process shoes in a FDI enterprise’s factory in Viet Nam. According to the latest statistics of the World Footwear Magazine in 2017, Viet Nam continued to rank second among the top 10 largest footwear exporters, with 1.02 billion pairs of shoes, equivalent to 7.4 per cent of the global footwear supply, said Diep Thanh Kiet, vice chairman of the Viet Nam Leather, Footwear and Handbag Association (LEFASO). China still maintained the top position in exporting shoes, with 9.31 billion p

Exports of jute and jute goods to India slumped by 47.62 per cent in the first half of the current fiscal year (2017-18) compared with that in the same period of last fiscal year (2016-2017) from the shock of anti-dumping duty India imposed on Bangladeshi jute products in January last year. Export earnings from jute and jute goods slipped to $55.81 million in July-December of FY18 from $106.54 million in the same period of FY17, according to the latest data of the Export Promotion Bureau.

A surge in cotton import growth in recent months has raised suspicion of capital flight from the country. Imports of cotton grew by 75 per cent in the first four months (July-October) of the current fiscal year of 2017-2018, which was not consistent with the growth of readymade garment exports, the Centre for Policy Dialogue said at a press briefing on Saturday. The price of cotton has remained stable in the global market and there has not been any fall in import of yarn and fabrics as wel

The government has decided to ease the condition for getting new market exploration assistance for the readymade garment exporters by allowing them to repatriate their export earnings from any country. Recently, the finance ministry has decided to withdraw the Bangladesh Bank FE Circular 22/2011 to that effect. Leaders of the Bangladesh Garment Manufacturers and Exporters Association said members of the trade body have been facing problem in receiving cash incentive against their exports t

China's trade surplus with the United States widened in 2017 while total foreign trade volume maintained rapid growth, customs data showed Friday. Trade surplus with the United States soared 13 percent year on year to 1.87 trillion yuan ($288 billion), according to Huang Songping, spokesperson of the General Administration of Customs. China's trade volume with the United States expanded 15.2 percent in 2017 to 3.95 trillion yuan, accounting for 14.2 percent of the total. Exports to the

Chinese experts say that China's GDP growth may reach 6.9 percent in 2017. Xu Hongcai, an economist with the China Center for International Economic Exchanges, said such a rate is attainable as performance has exceeded expectations. The country's economy expanded by 6.9 percent in the first two quarters of 2017 and slowed slightly to 6.8 percent in the third quarter. Overall growth for the first three quarters was 6.9 percent, above the government's annual target at around 6.5 percent.

China's economy expanded 6.9 percent in 2017, picking up pace for the first time in seven years. GDP totaled 82.7 trillion yuan ($13 trillion) in 2017, up from around 41.3 trillion yuan in 2010, when China first overtook Japan. But it's not only the speed or quantity of growth that may make China a sustained engine for global economic growth. With policymakers reiterating the importance of "high quality growth," China's economy is entering a new era. Beating forecast "Major macroeconomic

China's economic performance beat market expectations in 2017, but will the bullish momentum continue into the new year? A moderation in GDP growth is the popular view among global investors given a high comparison base, while a more balanced and sustainable economy is expected to take shape faster. China's economy totaled 82.7 trillion yuan ($13 trillion) in volume in 2017, expanding 6.9 percent as it picked up pace for the first time in seven years. Stronger-than-expected growth data

The Belt and Road Initiative would not only enhance trade and commerce ties among participating countries, but also further their relations diplomatically as well as culturally, said US experts. KraneShares, a US asset management firm that specialized in China-focus exchange traded funds, and China International Capital Corporation (CICC) hosted a summit regarding the Belt and Road Initiative at the New York Stock Exchange Tuesday. Experts were optimistic about the prospective of the Belt

A racism scandal at H&M is the latest indication of management problems at the Swedish clothing giant, once the darling of shoppers but now struggling to make the switch to e-commerce, analysts say. The fast-fashion group is one of Sweden's largest export brands and industrial heavyweights, alongside Ikea, Spotify, Electrolux and Volvo. Owned by the Persson family dynasty, it has been listed on the Stockholm stock exchange since 1974. It has collaborated with superstars like Beyoncé