China 

Trade war to hit high-end US fashion brands dependent on specialised Chinese manufacturing

High-end US fashion brands have become more reliant on China for manufacturing, making them more vulnerable to an increase in trade war tariffs, a new study shows.While imports of basic apparel items such as T-shirts and underwear can easily be shifted to lower-cost production hubs such as Vietnam, Cambodia or Bangladesh, China has become so specialised in the manufacturing of higher-value goods such as accessories and coats, that US brands may be forced to stomach the tariff hike.Research from… Source link

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US-China trade war could put a huge damper on Chinese demand for high-end American clocks

Mechanical clocks have become the latest victim of the ongoing trade war between Washington and Beijing. A Chinese distributor of high-end mechanical clocks made in the US said recently the sales outlook for the goods on the Chinese mainland appears challenging as the impact of a 10 per cent tariff begins to take effect. Meanwhile, the outlook for high-end European clocks appears brighter, as these products are set to enjoy a drop in Chinese import duties. “At the beginning of the year, I was very confident, but this year is…

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Shanghai’s ‘Quarry’ hotel set to tap growing taste for luxury, high-end business travel

After a marathon construction process marred by technical setbacks, a luxury hotel built on an abandoned quarry near Shanghai has opened to the public – and so far the rush of bookings seems to vindicate the efforts by one of China’s riches men to create a local landmark. After 12 years of development, the 2 billion yuan (US$288.2 million) hotel, developed by Shimao Group, officially opened on Tuesday. Expectations are the luxury concept, branded as the InterContinental Shanghai Wonderland Hotel, will tap growing interest among mainland consumers for a taste…

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