PRESIDENT Xi Jinping yesterday told regional economic and political leaders that his government will keep the world’s No. 2 economy growing. In a speech to a business conference on the sidelines of the Asia-Pacific Economic Cooperation summit, Xi said China is committed to overhauling its economy and raising the living standards of its people. China’s growth fell to a six-year low of 6.8 percent in the latest quarter as the government tries to shift the economy away from reliance on trade

With the holidays just around the bend, a plane, train, or automobile ride is probably in your near future. And, while it's tempting to travel wearing just-rolled-out-of-bed-PJs (comfort is key, right?), you're way chicer than that. Plus, if you're leaving for your trip straight from the office or need to be ready to hit the ground running upon touchdown, sweats aren't really an option. What to wear, then? We turned to professional travelers (a.k.a. the world's most stylish celebs) to glean tips

Indian garments have to be more competitive in terms of quality and pricing to tap the $6 billion Australian market that is currently dominated by China, India's Consul General Manika Jain said in Melbourne. Jain's comments came while inaugurating the India Pavilion at the International Sourcing Expo Australia 2015. According to an agency report, Jain suggested that Indian exporters add value to their products and focus on branding to carve out a niche in the Australian market. For this

Pakistan is a huge market which offers excellent opportunities to Romanian businessmen in various sectors of the economy particularly the textile sector, said Ambassador of Romania, Emilian Ion while speaking at a meeting during his visit to Pakistan Textile Exporters Association (PTEA). According to him, although trade volume between Pakistan and Romania has been improving with balance of trade in favour of Romania but this volume was not depicting the real potential and can be improved fur

Syrian businessmen group- Egypt is a group of Syrian businessmen in Egypt who decided to continue their business in other countries and form semi-projects and factories that helped them and Syrians there. The number of the Syrian factories in Egypt constitutes about 80 percent of the Syrian factories established abroad, said Khaldoun al-Mowaqaa, head of Syrian businessmen group- Egypt. The Syrian businessmen established projects that also enabled them to help the displaced Syrians, who were

Louis Vuitton has pulled the plug on one of its two flagship stores in Guangzhou, Guangdong province, as the French fashion house continues to grapple with slow sales in China. Separately, the Financial Times said that the company has already closed three outlets in China－Guangzhou, Harbin and Urumqi－and was drawing up plans to close several others, citing people familiar with the matter. The store closures will leave LV with about 50 stores across the mainland. The Guangzhou

CHINA’S overseas nonfinancial investment during the first 10 months of 2015 surged 16.3 percent year on year, hailed by many as a stabilizer of world economic growth. The mainland made around 589.2 billion yuan (US$92.5 billion) in outbound direct investment during the period, covering 5,553 companies across 152 countries and regions, data released by the Ministry of Commerce showed yesterday. ODI projects covered a wide range of fields including transport, residential construction, electr

Swedish Deputy Minister for Employment Irene Wennemo has urged Bangladesh to train up mid-level workers especially in the country’s RMG sector to ensure workers’ rights and enhance their skills. The visiting minister made the call at a meeting with his Bangladeshi counterpart Md Mujibul Haque Chunnu, state minister for Labour and Employment, at his office yesterday. Irene came Dhaka to participate in the Bangladesh Development Forum 2015 held yesterday at Bangabandhu International Conferen

Better days are ahead for jute exporters as Bangladesh is strengthening its position as a major supplier of the fibre to renowned car brands. Local exporters are supplying jute to top brands such as BMW, Ford, Mercedes-Benz and Toyota; the fibre is used for dash boards and other components for car interiors. However, the carmakers do not buy jute directly from Bangladesh. Exporters sell raw jute to processing companies in the US, Japan, Turkey, Germany, China and India; and the processo

A Chinese technician displays sewing equipment at an expo in Ho Chi Minh City, Vietnam, on Oct 21, 2015. [Photo/Xinhua] Vietnam is becoming a "hot spot" for Chinese textile manufacturers when they look to build factories overseas. One of the main reasons is that apparel produced in the Southeast Asian country for the United States market will be tariff-free after last month's Trans-Pacific Partnership agreement. Huafang Co, a textile business in Shandong province, plans to set up a high