Latest news with #Chinese
Fashion Network
10 minutes ago
- Business
- Fashion Network
China's textile exports stay strong despite falling US orders
Despite trade tensions with the United States during the first half of 2025, China managed to keep its textile and clothing exports stable, shipping $143 billion worth of goods — a slight increase of 0.8%. Breaking it down, clothing exports dipped by 0.2% to $73.5 billion, while textile exports rose by 1.8% to $70.52 billion. However, data from the China National Textile and Apparel Council (CNTAC) shows more variation when viewed month by month. In March, American buyers rushed to place early orders in anticipation of potential tariffs. This led to a 16.5% jump in textile exports and a 9.3% increase in clothing exports. The Trump administration formally announced the new tariffs on April 2. By April, clothing exports had slipped 0.5% year-over-year, while textile exports rose 3.4%. The half-year closed with a 1.1% increase in clothing exports and a 1.6% decline in textiles in June. Between April and May, Chinese textile and clothing exports to the U.S. fell by 20%. However, stronger demand from the European Union, Japan and South Korea helped balance out the losses.
Fashion Network
13 minutes ago
- Business
- Fashion Network
China's textile exports stay strong despite falling US orders
Despite trade tensions with the United States during the first half of 2025, China managed to keep its textile and clothing exports stable, shipping $143 billion worth of goods — a slight increase of 0.8%. Breaking it down, clothing exports dipped by 0.2% to $73.5 billion, while textile exports rose by 1.8% to $70.52 billion. However, data from the China National Textile and Apparel Council (CNTAC) shows more variation when viewed month by month. In March, American buyers rushed to place early orders in anticipation of potential tariffs. This led to a 16.5% jump in textile exports and a 9.3% increase in clothing exports. The Trump administration formally announced the new tariffs on April 2. By April, clothing exports had slipped 0.5% year-over-year, while textile exports rose 3.4%. The half-year closed with a 1.1% increase in clothing exports and a 1.6% decline in textiles in June. Between April and May, Chinese textile and clothing exports to the U.S. fell by 20%. However, stronger demand from the European Union, Japan and South Korea helped balance out the losses.
India.com
13 minutes ago
- Politics
- India.com
RS Debate: Amit Shah Blasts Congress For Coining ‘Saffron Terror', Says Hindus Can Never Be Terrorists
NEW DELHI: Union Home Minister Amit Shah on Wednesday listed out several Congress-era errors, leading to the formation of Pakistan-occupied Kashmir (PoK) and loss of vast swathes of land to enemy nations and also tore into the grand old party's appeasement politics for political gains. Speaking on Operation Sindoor debate, the Home Minister held Congress' policies responsible for multiple acts of terror in the country, while categorically stating that Hindus can never be terrorists. HM Shah said that the desperation of the Congress party for a certain vote bank, in all these years, emboldened the terrorists and their motives. Blasting the previous Congress regimes for coining 'saffron terror', he said that the grand old party demonised the majority community i.e. Hindus for its myopic political gains. Recalling the Batla House encounter, he said that the Congress party abandoned its own forces and stood with Pakistan-sponsored terrorists for appeasing a certain community. 'When the country mourned the demise of brave cop Mohan Sharma in Batla House encounter, Sonia Gandhi wept for the Batla House shooters,' he said, questioning the absurd politicking of Congress party. The Home Minister also rebutted Congress' China jab and spoke about instances when the latter's conduct looked dubious and diabolical. 'When our forces were engaging with enemy forces during Doklam face-off, the Congress leaders were clandestinely meeting Chinese officials. What kind of politics is this?' he questioned. Responding to Chidambaram's charge that Operation Sindoor was not decisive, he asked the principal opposition party whether the 1965, 1971 battles were final and decisive and if Pakistan stopped spreading terror after being then taught a lesson. He said that Prime Minister Narendra Modi-led government has instilled fear in the minds and hearts of terrorists across the border and whenever the terror elements will rear its head, "our Army will crush them again".
Economic Times
13 minutes ago
- Politics
- Economic Times
S Jaishankar slams Congress on China, stand on Op Sindoor
IANS External Affairs Minister (EAM) S. Jaishankar In a strong statement made in the Rajya Sabha during the Operation Sindoor debate, External Affairs Minister S Jaishankar slammed the Opposition on its skepticism about the achievements of the armed forces and the manner in which the ceasefire took place on May 10. He assured that India is working on the concerns arising out of the proximity between China and Pakistan even as he slammed Congress for the manner in which it had dealt with the former. Jaishankhar underlined that the Pahalgam terror attack was 'absolutely unacceptable' and it had crossed our red lines. 'There had to be severe consequences… There had to be accountability and justice,' he said. The minister refuted the oft-repeated charge of the Opposition that Indian diplomacy had not risen to the level expected in the aftermath of the terror attack and the consequent Operation Sindoor.'For decades, Bahawalpur and Muridke were considered the biggest centres of terrorism, not just in Pakistan but for global terrorists. When we hit Bahawalpur and Muridke, the world thanked us. When those funerals were taking place, when people came to cry over those dead terrorists lying around, that was the success of Operation Sindoor,' he rued that the Opposition is 'determinedly sceptical' of the government's achievements as it is 'sitting on the other side and cannot bring itself to believe it'. He also countered the view that US President Donald Trump had talked to Prime Minister Narendra Modi and facilitated the ceasefire.'I want to tell them (Opposition) and they should listen to this with open ears that there was no phone call between President Trump and Prime Minister Modi between April 22 and June 16,' Jaishankar said, adding that though India is not a part of the UN Security Council and Pakistan is, India's diplomacy ensured that US declare TRF a global terrorist organisation,' he China-Pakistan nexus, the minister said there are some 'China gurus' in Parliament who have gathered their information from visits to the neighbouring country during Olympics and later through 'private tuitions' from the Chinese ambassador to India.'China and Pakistan are close. That is a reality and we are dealing with it,' Jaishankar said. He slammed the previous Congress governments for making China a 'strategic partner'.The foreign minister lauded the achievements of the Indian armed forces in bringing Pakistan to make the call for a ceasefire.'To quote people on the other side. Pakistan Prime Minister Shahbaz Sharif says, 'our armed forces were prepared to attack at 4:30 am after prayers to teach a lesson but before that hour arrived, India launched a missile attack using BrahMos, targeting various provinces in Pakistan, including the airport at Rawalpindi and other places. This is the prime minister of Pakistan admitting…,' Jaishankar said, adding that General Munir had stated that India has hit the Nur Khan air minister underlined that anybody questioning these issues is disrespecting the armed forces. On the Indus Waters Treaty, Jaishankar said it was an extraordinary deal as no other nation lets its major rivers flow to another country without rights. 'As we put the treaty in abeyance, some felt uneasy recalling its history… they prefer selective memory… The Indus Water Treaty will be held in abeyance until Pakistan irrevocably gives up its support of terrorism... Blood and water will not flow together,' he said. The minister maintained that Jawaharlal Nehru signed the Indus Waters Treaty in the name of "goodwill", but the country only got terrorism and betrayal in return. Nehru prioritized farmers of Pakistan's Punjab over those in Kashmir and Rajasthan.
Gulf Insider
14 minutes ago
- Automotive
- Gulf Insider
Saudi EV Buyers Have Tesla As Choice - How Soon Before More Chinese Brands Join In?
More Saudi car buyers are in the mood to give EVs a chance with more dealerships in the Kingdom set to announce tie ups with leading Chinese carmakers to speed up the process. After what seems like a long gestation period, Tesla finally opened its first outlet in April, while Saudi-backed luxury EV brand Lucid Motors has done some of the preparatory work in creating a conducive environment for non-fuel automotive options. But as happened in UAE, a range of Chinese-made EVs are set to be introduced in the Gulf's biggest car market over the coming months. (In the UAE, more than 10 Chinese EV brands made their debut starting late 2023/early 2024 and until now, and many of them have started to pick up buyer backing for them.) By end 2024, new car registrations of EVs in the UAE made up around 4%-5%, according to estimates – in Saudi Arabia, it was 1% of new car sales. 'Saudi banks are starting to offer favourable EV auto financing options, and dealers are working with insurers to come up with buyer-friendly packages,' said a dealer source. 'The UAE auto market created the blueprint to launch and push new EV brands. It can easily be replicated in a market like Saudi Arabia.' The Saudi car market is expected to account for 600,000 plus units a year by the end of the decade. If EV sales can make up 10%-15% by then, the game is on, say auto analysts. 'The EV penetration in Saudi Arabia is relatively low compared to UAE,' said Vishal Pandey, Director of Dubai-based Glasgow Consultancy Group. 'However, given the emphasis from Saudi Government on electrification, there is high likelihood that growth is going to be faster. 'There is still a perception issue among Saudi consumers in regards to EVs, as they are concerned about the high cost of acquisition, charging infrastructure, and the after-market service. Plus, there is also the resale value.'
