Thousands of fashion and retail jobs could be at risk
In January alone, at least 18,517 fashion and retail jobs are believed to be at risk. That number could be three times the 4,686 known jobs cut from July to December 2023.
German trade declines in December 2023
Germany's exports and imports recorded significant declines in December 2023.
Tanners may drop out of Pakistan Mega Leather Show
According to reports from Pakistan, the country's main representative body for leather manufacturers, the Pakistan Tanners Association (PTA), has decided not to continue its co-leadership of the Pakistan Mega Leather Show.
Wenzhou in East China's Zhejiang province retained the honorary title of "China Shoe Capital - Wenzhou" as according to an announcement by the China Light Industry Federation.
Data prepared by the Brazilian Footwear Industries Association (Abicalçados) indicate that, in the first two months of the year, 26.77 million pairs were shipped, which generated US$ 219.78 million, a decrease of 2.9% in volume and an increase of 5.1% in revenue compared to the same period last year.
According to Taiwan’s Investment Commission, Taiwanese realized investment in China has plummeted, from U.S. $9 billion in 2017 to just U.S. $1.7 billion in 2022. As a consequence, China’s importance in Taiwan’s total outward foreign direct investment has diminished whereas other countries’ weight has increased.
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