BEIJING — China’s economy is in line to overtake the United States to become the world’s largest by the end of 2016, according to a new report from the Organisation for Economic Co-operation and Development (OECD).
The Paris-based think tank on Friday released an in-depth study of China’s economic reforms, laying out a case for China to engage in a renewed push on that front. The OECD based its projections on the assumption that China’s gross domestic product will continue to grow at an average rate of about 8 percent in coming years, including 8.5 percent growth by the end of this year and 8.9 percent next year. That is appreciably faster than the Chinese government’s own predictions of 7 percent average yearly growth.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)