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2/16/2021 6:31:00 AM GMT Asia China’s textile and clothing manufacturing suffered losses last year as US consumers and businesses moved away from Chinese labor. The apparel market in the US dropped -23% in 2020, marking a ten-year low. Asian competitors such as Bangladesh, India, Vietnam, and Cambodia saw a 42% rise in this sector last year as suppliers look to move beyond China. The US still has restrictions placed on cotton products produced in the Xinjiang Uygur region due to the clothing allegedly being made with forced labor, causing cotton-related imports to the US to drop by nearly -...

Spread the love ASIA: China’s textile and clothing manufacturing suffered losses last year as US consumers and businesses moved away from Chinese labor. The apparel market in the US dropped -23% in 2020, marking a ten-year low. Asian competitors such as Bangladesh, India, Vietnam, and Cambodia saw a 42% rise in this sector last year as suppliers look to move beyond China. The US still has restrictions placed on cotton products produced in the Xinjiang Uygur region due to the clothing allegedly being made with forced labor, causing cotton-related imports to the US to drop by nearly -40%. A S...

ASIA: Britain's broadcasting regulator said on Thursday that it had withdrawn the license for China Global Television Network, an international news channel

Britain’s broadcasting regulator said on Thursday that it had withdrawn the license for China Global Television Network, an international news channel

Spread the love ASIA: China’s growth is likely to moderate in the coming months as the country faces risks on two fronts, according to the chief Asia economist of Goldman Sachs. Goldman Sachs economist Andrew Tilton said the policy makers are quite comfortable with the recovery so far and are starting to pull back on policy stimulus to some degree. The world’s second-largest economy showed robust GDP growth in the fourth quarter of 2020, expanding at 6.5% compared to a year ago. It beat market expectations and made China one of the few major economies in the world to record positive growt...