In Sangpo, Henan province, workshops have shifted into overdrive producing everything from cashmere scarves and hats to cashmere-lined snow-boots this month as demand ramps up with the onset of winter. The village in central China is one of the biggest producers of cashmere goods in the country. In 2017, it became famous as the home of domestic production for the popular Australian footwear brand UGG. Sangpo, which has a long history of dealing in wool and cashmere goods, ships as many as 60,000 cashmere products every day, generating monthly sales of up to 400 million yuan
Dec 07, 2023 07:37 PMSince 2014, Beijing has restricted the number of cars on the road in cities like Beijing and Shanghai, while capacity in iron and steel industries fell and new coal-fired power plants were banned in some areas
Dec 07, 2023 04:26 PMShenzhen Component Index closed down 0.14%
Dec 07, 2023 03:03 PMChina’s ambassador to the country had warned of ‘negative consequences’ if Rome 'recklessly decides’ to withdraw?from the investment and trade initiative
Dec 07, 2023 01:24 PMAbout 68% of China-focused funds lost money in the first 10 months, as the euphoria over the end of Covid restrictions gave way to concerns about the property crisis and economic slowdown
Dec 07, 2023 01:20 PMSustaining the effect of a proactive fiscal policy may require the coordination of policies, funds and projects
Dec 07, 2023 01:02 PMThe company’s culture and particular structure have put constraints on it as demand for obesity drugs grows
Dec 07, 2023 12:49 PMOverseas shipments rose 0.5% in November, beating expectations, but imports showed a surprise drop
Dec 07, 2023 12:37 PMChina plans to allow its social security fund to buy domestic pension products and futures.
Dec 07, 2023 09:00 AMProperty tycoon Wang Jianlin sells controlling stake in Wanda Film movie theater business to ease liquidity strain and stay afloat during property downturn
Dec 07, 2023 05:55 AMAutonomous trucking company TuSimple cuts U.S. workforce by 75% as it shifts its strategic focus to Asia-Pacific
Dec 07, 2023 05:21 AMU.S. credit card giant increases investment in Chinese clearing house joint venture to tap into trillions of dollars card transactions
Dec 07, 2023 05:14 AMChina leads the world as first high-temperature gas cooled nuclear reactor goes online. A decade in the making, it heats helium instead of water
Dec 07, 2023 05:04 AMEight Chinese financial institutions have their outlook cut from stable to negative by Moody’s together with the outlook on Hong Kong and Macao
Dec 07, 2023 05:00 AMThe NSSF can also invest in more types of corporate bonds, according to draft finance ministry regulations
Dec 06, 2023 08:46 PMChina to Allow Social Security Fund to Buy Domestic Pension Products, Futures
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