Skip to content Skip to sidebar Skip to footer

China’s New Record: Over 1M Cars Exported in a Month

China released eye-popping June trade numbers on Tuesday. “A bit insane,” said Brad Setser of the Council of Foreign Relations, on X.  Overall, Chinese exports increased 27% year-on-year to $412.4 billion. Imports expanded even more, by 36% year-on-year, to $286.8 billion.  Chinese officials attributed the spike to the new artificial intelligence economy. “With the rapid growth of…

Read More

Bangladesh Textile Firms Look to Asian Markets to Recover From Covid-19 Crisis

Bangladesh Textile Firms Look to Asian Markets to Recover From Covid-19 Crisis

The Covid-19 pandemic has cast a pall over clothing retail markets in the U.S. and Europe. With iconic firms like Brooks Brothers and JC Penney battling bankruptcy, Asian textile manufacturers have lost billions of dollars in orders. That’s hit Bangladesh’s garment sector, the world’s second largest, particularly hard. The country is heavily dependent on the…

Read More