China news and archive

Podcast: How Indonesia's demand to remove the Temu app impacts global trade

Indonesia recently requested Google and Apple to remove the Temu app, owned by PDD Holdings, from its national app stores to protect local businesses from the sale of extremely cheap products. This direct action, without accusations of illegal activity, is rare and raises questions about how the tech giants will respond. The action could inspire...

Culture

What to know about Asvoff winner 'Made in Italy made by the Chinese'

'Made in Italy by the Chinese' received the award for best Chinese film at the Asvoff fashion film festival, which took place from November 7 to 10, 2024. The documentary tells the story of how Chinese immigrants, mainly from the port city of Wenzhou, appropriated the famous 'Made in Italy' label, which is supposed to glorify the know-how of...

Fashion Featured

Trump's proposed tariffs could change American retail

Stories of retailers bulk buying and allocating greater resources to acquire immediate stock, are just some of the conversations the fashion industry is having in the wake of Donald Trump’s re-election as president and expectations of increased tariffs. With Mr Trump having previously warned he may levy a 60 percent tariff on imported goods from...

BusinessFeatured

Luxury shares tumble as Richemont posts sales decline

Swiss luxury conglomerate Richemont, owner of such brands as Cartier, Chloe, and Alaïa, experienced a sharp 6 percent drop in its share value this week, after announcing weaker-than-anticipated earnings. The company reported quarterly sales of 2.2 billion euros, falling short of analysts' projections of 2.45 billion euros, with profits marking a...

Business

Steve Madden to cut Chinese imports by almost half in wake of Trump re-election

The chief executive officer of Steve Madden, Edward Rosenfeld, has told investors that the company could reduce the amount of goods it imports from China by as much as 45 percent in the wake of Donald Trump’s re-election. His comments, which came during a Q3 earnings call, are in regards to Trump’s plan to raise tariffs on Chinese imports by up...

Retail

Manolo Blahnik opens first Mainland China boutique

Luxury footwear and accessories brand Manolo Blahnik is cementing its commitment to China with the opening of its first boutique in the country’s mainland. Located in Shanghai’s Plaza 66, the store was designed by the brand’s CEO, Kristina Blahnik, and draws inspiration from the concept initially used for Manolo Blahnik’s boutique in Burlington...

Fashion |Interview Featured

ENG: How the Chinese concept store attracts customers in times of crisis

Young fashion retailers, such as the Chinese concept store ENG, are managing to attract customers worldwide despite the difficult economic situation. They offer a product range and shopping experience that is not only attractive to local customers, but also has its finger on the pulse internationally. In the bricks-and-mortar retail sector of...

Business

Forget China, Chanel exec warns of luxury fatigue risk

A slowdown in the key Chinese market is currently lashing the financial performance of luxury houses but a Chanel executive warned Monday it faces an even greater risk from oversaturation and "luxury fatigue". Frederic Grangie, head of the watch and jewellery division at Chanel, told the Swiss daily Le Temps that 2025 and 2026 will be...

BusinessFeatured

French luxury titans see wealth decline

LVMH chief Bernard Arnault is no longer the world’s wealthiest man. As the luxury sector grapples with a China slowdown, three of France’s billionaires — Bernard Arnault, L’Oréal’s Francoise Bettencourt Meyers and Kering’s Francois Pinault — are seeing their fortunes dwindle as "restraint replaces indulgence," reports Bloomberg. Their combined...

Business

Swiss watch exports to China plunge 50 percent in September

Zurich - Swiss watch exports suffered their steepest fall this year in September, pulled down by a 50-percent plunge in sales to China, the industry's federation said Thursday. It marks the latest sign of weakening demand in the world's second-largest economy, which has hit Europe's luxury sector. Sales to Hong Kong also fell 34.6 percent during...

CultureFeatured

‘Made in China’ exhibition dismantles negative connotations, puts crafts to forefront

A new exhibition at the Wereldmuseum Rotterdam, in the south of the Netherlands, has put to question our preconceived notions of the term ‘Made in China’, aptly the name of the exhibition. This comes particularly in the face of globally renowned designers that are becoming ever-prominent on the fashion landscape, and therefore serve as the...

Business

European luxury, spirits shares sink on China worries

Shares in European luxury and spirits companies sank on China concerns Tuesday, as Beijing announced anti-dumping measures on brandy imported from the EU and held off on announcing more economy-boosting measures. The stock prices of French spirits companies Remy Cointreau and Pernod Ricard dropped after China announced the latest salvo in an...