In the run up to the expiry of quota restrictions that had long regulated much of global trade in textiles and clothing, many a pundit predicted widespread recourse to anti-dumping actions.
WTO rules permit action to offset the injurious effect of dumping. Yet the apprehension was that given the protection enjoyed by textile industries in quota-imposing countries, it was difficult to see the entrenched interests giving up and that, therefore, the abolition of quotas might give rise to increased anti-dumping actions.
The latest release of "2009 China Luxury Forecast" shows that while the financial crisis is leading a general decline in demand for luxury brands in Europe, America and Japan, the global economic downturn has had limited impact on Chinese luxury consumption and that there is widespread confidence in the future among Chinese luxury consumers.
Background
President Obama will soon be required to decide whether to impose quotas or other restrictions against imports of passenger and light truck tires from China.
l On April 20th, 2009
The United Steelworkers, qualifying as an "entity" "representative of an industry" under Section 201 of the U.S. Trade Act of 1974, petitioned the Obama Administration to enact a temporary "safeguard" remedy to protect the manufacture and sale of low-grade commercial tires in the United States against a surge of imports from China.
The law amended the Trade Act of 1974 by adding a new section 421 providing that,
If a product of the People's Republic of China is being imported into the United States in such increased quantities or under such conditions as to cause or threaten to cause market disruption to the domestic producers of a like or directly competitive product, the President shall, in accordance with the provisions of this section, proclaim increased duties or other import restrictions with respect to such product, to the extent and for such period as the President considers necessary to prevent or remedy the market disruption.
The USW represents about 15,000 tire workers at 13 plants in nine states. Arguing that domestic production of consumer tires declined by over 25 percent during 2004-2008, and that the Chinese producers' share of the consumer tire market in the United States increased from less than five percent to more than 17 percent, the USW requested that China be limited to an annual import quota of 21 million consumer passenger tires for a three-year period. This would limits imports from China to the 2005 level.
No one can predict the end of world-wild economic downturn, and it is still a great mystery for many apparel manufactures to cope with the macro-economic climate. As we all know,OEM was dominated over the most apparel manufacture enterprises for many years. It must be a right strategy under good economic complexion; however, its weakness appeared during the global economic recession. We can see that many enterprises whose performance relies on export are facing serious financial problem, because they failed to receive the foreign orders. That's the reason why we need to create our independent brand.
On August 26, 2009, I had the opportunity to visit Jiangsu Flying Ocean Fish Co., Ltd. Flying Ocean Fish is a garment factory with its own brand called "Capricaries." People are confused about this because "capricaries" is not an English word. In an attempt to discover the meaning behind the brand name, I interviewed CEO Yang Zhaoqun. A pioneer in the creation of independent brands, Yang had the foresight to realize the importance of stimulating domestic demand in the face of the international economic crisis.
The most sparking lingerie fashion show proposed by Shanghai Mode Lingerie 2009
The Chinese women's "lingerie awareness" has finally begun to awake by the influence of Western lifestyle! The fascinating and alluring lingerie has conquered more and more Chinese women at all ages. Today, lingerie is no longer a simple piece of personal clothing, but also symbolizes the pleasure and the desire! Thus, top lingerie is becoming the mode pursued and China is going to be the first battlefield for the world's leading lingerie brands in the near future.
On October 19 -20, the 5th edition of Shanghai Mode Lingerie will bring us the unique fashion shows that we never experienced in such close proximity! Western top brands including Aubade, Chantelle, Passionata, Gerbe, Hechter Lingerie, Simone Pérèle from the France, Eva B Bitzer, Fuerstenberg from Germany as well as the leading Chinese lingerie brands such as Gujin, Meisee and Siti will present their latest and most gorgeous collection in the great Fashion Shows during the Gala Evening so as to display the brands' magnificent designs as well as the exquisite arts and crafts. What's the trend for next season proposed by the sumptuous Fashion Show named "THEATER OF DREAMS"? Let's unveil the mystery here.
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Theater of Dreams.
On a dry land where grass turns yellow and droopy, the strong bull is served as a nice bite of beef for an even stronger predator, an attacking lion. Yes, that's the principle of Darwin's theory - the survival of the fittest.
The photo given by Mrs. Janet Fox, Vice President of JCPenney, who came to Shanghai for an international home-textile conference on the 26th of Aug., is appalling. On a dry land where grass turns yellow and droopy, the strong bull is served as a nice bite of beef for an even stronger predator, an attacking lion. Yes, that's the principle of Darwin's theory - the survival of the fittest.
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