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Shein to invest 150m dollars in Brazilian garment manufacturers

Shein, the Chinese ultra fast-fashion retailer, has been investing in Brazilian garment manufacturers in order to expand its production capabilities and shorten its supply chain. On Thursday the company said it would invest a further 750 million reais (approximately 148.9 million dollars) to establish a network with thousands of textile...

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Business |ANALYSIS Featured

China's manufacturing industry declines for the second month in a row

The manufacturing industry closed October in the red, falling for the second consecutive month, according to data published by the Chinese National Statistics Office.. The purchasing manager index (PMI) stood at 49.2 points, 0.4 points less than in September and below the 49.7 points forecast by the market. Zhao Qinghe, a statistical expert at...

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