CHINA SHOE IMPORTS
Cars? Pork? Perfume? China has many options if a trade war breaks out with Europe
Europe has announced tariffs on China-made electric cars, prompting concerns about potential retaliatory tariffs from China on European cars and agri products, leading to fears of an escalating trade war with significant economic impacts.
Imported shoe brands trip as BIS nod delay begins to bite
Many of the brands have been forced to take footwear off the shelf - online and offline - or are selling a much smaller range with old stock, industry executives said. The BIS Quality Control Order (QCO) mandates compulsory certification for factories making the final product and some specified key components, such as rubber, PVC or polyurethane soles and heels.
China's share in India's industrial goods imports jump to 30% from 21% in last 15 years: GTRI
India's reliance on Chinese industrial products like telecom, machinery, and electronics has increased in the last 15 years. China's share in India's imports imports of these goods has surged from 21 percent to 30 percent. Beyond economic concerns, the rise raises concerns about potential impacts on national security, broadening the scope of the issue beyond purely economic dimensions.
'Iron Man' tech in real life? China to develop fibers which can convert T-shirts into electronic devices
Chinese researchers are working on wearable smart 't-shirts' that will have all the next-gen features for users, bringing in a new kind of tech revolution.
Malaysian shoe company faces backlash for logo resembling Arabic word for God
Malaysian shoe company Vern's Holdings apologizes and halts sale of shoes with logo resembling Arabic word for God, following complaints from Muslims. The company clarified no intention to offend and promises refunds. This incident follows controversy over socks with the word "Allah" sold in a Malaysian store chain, leading to charges and minor unrest. Religion is a sensitive topic in Malaysia, with Muslims forming the majority. Authorities are investigating both incidents amid tensions and calls for boycotts.
US solar boom opens $2 billion Indian door to banned products from China
Global concerns that Chinese officials were incarcerating or forcing members of the Uyghur minority to work in factories led US Congress to enact the Uyghur Forced Labor Prevention Act, known as UFLPA, in December 2021.
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Shoe is on the other foot: India slips in footwear exports as Bangladesh gets a firm footing
India has made a mark in the leather footwear segment, but customer preference is now shifting towards non-leather shoes, and Bangladesh is steadily marching ahead in this new world.
Imported luxury shoe brands trip on delayed BIS nod for sourcing units
The upscale footwear industry, featuring designer labels and high-end sports shoes, faces upheaval as manufacturers warn of potential consumer inability to purchase new spring-summer releases. The Bureau of Indian Standards (BIS) has not certified Chinese and Vietnamese factories, a prerequisite for importing. Official says Indian govt keen to push local manufacturing after flood of low-quality footwear from China.
On American shelves, Made-in-India is slowly replacing Made-in-China
While US goods imports from China declined by 10% from 2018 through 2022 in inflation-adjusted terms, they rose by 44% from India, 18% from Mexico and 65% from the 10 countries of the Association of Southeast Asian Nations (ASEAN), a recent study by Boston Consulting Group has pointed out.
It’s round 2 of China+1. India needs to update the playbook
Supply chains are shifting from China, and some countries, including India, are reaping the benefits of this change, says BCG. How can India stay ahead of the competition? Experts have a list of to-do things.
Canada situation should not be regarded as normal: Jaishankar
"Our point is that today there is a climate of violence, an atmosphere of intimidation... Just think about it, we have had smoke bombs thrown at the mission, we have had our consulates...violence in front of them, individuals have been targeted and intimidated, there are posters put up about people...," he said. All this forced the country to temporarily suspend visa operations in Canada. "It's not something we would have liked to do. It is just that they made it very difficult for us to operate those services," the minister said.
Agilitas Sports acquires shoe manufacturer Mochiko
Agilitas Sports, the sportswear and athleisure solutions platform started by former Puma India head Abhishek Ganguly, has made its first acquisition.
China's economy faces yet another threat: Falling prices
Consumer prices in China, after barely rising for the previous several months, fell in July for the first time in more than two years, the country's National Bureau of Statistics announced on Wednesday. For 10 straight months, the wholesale prices generally paid by businesses to factories and other producers have been down from a year earlier. Real estate prices are tumbling.
Can China export its way out of its economic slump?
According to the United Nations Industrial Development Organisation, China accounts for almost a third of the entire world’s manufacturing output.
Mandatory footwear quality standards to come into force from Jul 1, curb sub-standard imports: BIS DG
The QCO for 24 footwear and related products were notified in October 2020 and thereafter extension was given thrice before making it mandatory for large and medium-scale industries from next month.
From Dongguan to Agra: How China+1 sentiment has given a leg up to India's leather industry
The leather and footwear industry in India has started reaping the benefits of the global trend to diversify the supply chain from China.
India's export share in world trade in pharma, G&J, footwear dips in 2022: GTRI
"India's global market share in sectors like apparel, leather, shoes, and marine products has been decreasing, primarily due to concerns over quality rather than pricing issues," Global Trade Research Initiative (GTRI) Co-founder Ajay Srivastava said.
What are America and China fighting about, anyway?
China's Communist Party is now convinced that America wants to bring it down, which some U.S. politicians are actually no longer shy about suggesting. On the other hand, Americans are now worried that Communist China, which got rich by taking advantage of a global market shaped by American rules, will use its newfound market power to unilaterally change those rules entirely to its advantage.
China's Covid sneeze: Beijing is buying less from India and selling more
The January-August 2022 trade data confirms this trend. China’s share in India’s exports has come down from 6.5% in January-August 2021 to 3.5% in January-August 2022. Its share in India’s imports remains broadly the same at about 15%.
China’s reliance on Taiwan would make trade retaliation costly
If China wants to mitigate the fallout of sanctions on its own economy, it could target Taiwanese wood, minerals, shoes or hats. Taiwan’s trade relies significantly more on delivering those items to China than China does on receiving them from the island.
With current Taiwan crisis, fraying of Beijing’s ‘One China’ has begun
'One China' was predicated first on communist China’s support against the Soviet Union during the Cold War, and then on its peaceful rise as an economic power. But China has grown as an aggressive military economic power, threatening the security of its neighbours, a fact the West is appreciating better after the Ukraine war and ongoing stand-off in Taiwan.
US becomes India's largest trade partner, is India-China trade decoupling?
India's major exports to the US include polished diamonds, pharmaceutical products, jewellery, light oil and petroleum, frozen shrimp, cosmetics and more. India's imports from the United States are mainly oil, liquefied natural gas, gold, coal, recycled products and scrap iron, large almonds, etc.
The shoe sellers from Saharanpur who ran Africa's most important economy
A December 2018 New York Times profile of the Gupta brothers said their rise and fall is so improbable that in Saharanpur, their place of birth, their story is told like a parable.
Agra shoemakers squeezed by costs, fading demand
Agra has been India's biggest shoe making centre since the Mughals ruled from the city centuries ago. The local industry, which employs 400,000 workers, faces falling rural demand and rising costs, though a pick-up in overseas sales partly helped bigger manufacturers.
The search for a perfect pair of shoes takes a man around the world
Using wool and recycling PET bottles, Neeman’s has been able to carve a space for itself in the niche sustainable footwear space. Now it is getting ready to take on the big boys and go international.
India may extend anti-dumping duty on polyester fabric used in shoes, bags imported from China
The commerce and industry ministry recommended a duty of $547/MT on FDY, which is used in making shoe upper fabrics, luggage/bag and curtain fabrics, coming from China based on an application filed by the Association of Synthetic Fibre Industry.
India issues quality control order for some leather goods to restrict cheap imports
The list of goods also includes canvas shoes rubber sole, safety rubber canvas boots for miners, leather safety footwear having direct moulded rubber sole, leather safety footwear with direct moulded polyvinyl chloride (PVC) sole, high ankle tactical boots with PU - rubber sole, and derby shoes.
Government working on steps to cut import dependence on China, boost manufacturing: Sources
One of the major steps on which the government is working is to restrict low quality Chinese imports, and for that technical regulations, which includes safety and quality standards, for about 370 products are being formulated with a view to cut imports of these non-essential items from countries like China, sources said.
Two UP ministers pitch for attracting investments moving out of China
“Many investors are looking at moving their manufacturing base from China to Uttar Pradesh,” UP’s Minister for Micro, Small and Medium Enterprise and Investment Promotion, Sidharth Nath Singh told ET on Wednesday.
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