China news and archive

Hype products, collaborations and outerwear: What chinese consumers want

Chinese consumers have been faced with an unstable economy and ever-new challenges since the pandemic. This is also reflected in their shopping behaviour. Although uncertainties such as the trade dispute with the US and the real estate crisis are putting additional strain on consumers and dampening consumer sentiment, private households seem to...

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US and China trade talks: Focus on economy, trade, and TikTok

The US and China will resume trade talks next week. The US Treasury announced that Treasury Secretary Scott Bessent will meet with Chinese representatives in Madrid. Among them will be Vice Premier He Lifeng, who has led previous talks for China. There was no immediate confirmation from Beijing. According to the US announcement, Bessent will...

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CHIC Shanghai: China's garment manufacturers navigate trade conflicts and rising costs

Rising pressure surrounding the trade conflict between China and the US, as well as growing competition domestically and in other Asian countries such as Vietnam and Bangladesh, demand new measures for China's garment manufacturers. To understand how manufacturers are handling the situation, while rising costs and consumer reticence shape the...

Retail

Bimba y Lola lands in China with a Shanghai store

Madrid – Spanish fashion house Bimba y Lola has finally landed in China, with the opening of a permanent store in Shanghai. This marks the Galician brand's first foray into the Chinese market. It is a result of the management's firm commitment to internationalisation, which has made the brand a global reference in the fashion industry, with half...

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Esprit: Shift to licensing model results in drop in revenue

The former clothing group Esprit recorded a significant drop in revenue in the past six months. This is due to the elimination of licensing revenue from European trademark rights. Esprit continues to shrink Following the global insolvencies and closures of branches and stores last year, Esprit Holdings Ltd. in Hong Kong now only manages the...

Retail

Forever 21 plots fourth re-entry into China, plans physical stores

Forever 21, a fast fashion retailer that filed for bankruptcy in the US, is making its fourth attempt at entering the Chinese market. Parent company Authentic Brands Group has reportedly partnered with local operator Chengdi to roll the brand out in the region. The news was shared at a press day and reported on by multiple news platforms,...

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AAFA urges Trump administration to add non-cumulative clause for Chinese tariffs

The American Apparel & Footwear Association (AAFA) has issued a response to President Trump’s executive order extending temporary tariff relief on Chinese imports for another 90 days. The order, titled “Further Modifying Reciprocal Tariff Rates to Reflect Ongoing Discussions with The People’s Republic of China,” was issued on August 11 and cites...

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China's JD.com posts 22.4% quarterly sales growth

JD.com saw a jump in its second-quarter revenue Thursday, as the Chinese retail giant saw increasing user traffic despite fierce competition in the country's e-commerce and food delivery sectors. In recent years, the Beijing-based shopping platform has faced pressure from a persistent domestic consumption slump and increased competition with its...

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US and China trade talks: Tariff increases suspended

The planned tariff increases in trade between the US and China remain suspended for the time being. US President Donald Trump signed a decree postponing the implementation until 00:01 (Washington time) on November 10. The Beijing Ministry of Commerce also confirmed the new deadline shortly afterwards. The United States intends to continue talks...

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China deploys its financial arsenal to green its industry

When one thinks of China, one rarely imagines a leader in the green economy. However, while Europe retains a certain lead in ecological transition, Beijing fully intends to reverse the trend. The government is investing massively in low-carbon projects. It is prioritising financing sectors deemed useful for the transition. It is now deploying an...

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Amazon shuts down Shanghai AI lab: source

US tech giant Amazon has shut down its artificial intelligence research lab in Shanghai, a source with direct knowledge of the matter confirmed to AFP. News that the lab, part of cloud division Amazon Web Services (AWS), has closed comes with AI at the forefront of a tech race between China and the United States. In a screenshot of a WeChat post...

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Asia holds the thread: Regional textile powers reinvent strategies amid global slowdown

While 2024-2025 financial results show a slowdown in consumption in several Asian countries – particularly for luxury groups like LVMH – the global textile sector continues to rely on the region. Several indicators from the first half of 2025 confirm Asia’s central role in global value chains. Between export growth, structural adjustments,...