China

Textile industry under pressure to detox fashion in China

Insights

21-Nov-18 China is the largest exporter of clothing, but the pollution from "Made in China" manufacturing doesn't leave the country. 42 percent of global dyes, additives and stabilisers usage is in China. [image: Wu Di / Greenpeace]

Saudi steel makers hit by foreign competition

Insights

13-Nov-18 Steel producers in Saudi Arabia are producing at half their output capacity due to foreign competition, with nearly 55% of domestic steel demand in Saudi met by imports, mostly from China. [image: Projects Mena]

American Express secures payments license in China

Insights

12-Nov-18 American Express has been granted preparatory approval from the People’s Bank of China for a clearing and settlement license in mainland China. Amex can begin building a network business to process domestic RMB transactions through its joint-venture in the country. [image: Beyond My Ken / Wikipedia]

Alibaba’s 11.11 global shopping festival records another record

Insights

11-Nov-18 Another year, another gross merchandise volume record for Alibaba’s 11.11 Global Shopping Festival. When the rolling counter stopped, 2018 gross merchandise volume was RMB213.5 bn (USD31 bn), 27% higher than 2017's RMB168.3 bn (USD24 bn). [image: Alizila]

First 737 Max soon to emerge from Boeing’s China plant

Insights

07-Nov-18 American passenger jets will soon be taking off from Boeing’s only manufacturing facility outside of Seattle, which will be up and running in Zhoushan, Zhejiang in China by the end of the 2018. The first will be a 737 Max. [image: Handout / Asia Times]

Textile industry under pressure to detox fashion in China

Saudi steel makers hit by foreign competition

American Express secures payments license in China

Alibaba’s 11.11 global shopping festival records another record

First 737 Max soon to emerge from Boeing’s China plant

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