BEIJING — With its trade ties with the United States and other countries strained, and the global financial crisis not yet over, China is working to reassure the world it remains the best place for foreign investors to park their capital.
Despite deep declines in foreign investment, analysts say the textiles and apparel industry is bound to recover and begin seeing new investment as soon as the world’s economy gets back on its feet. They note even though China has lost some of its competitive edge, no other country is poised to completely take its place in large-scale manufacturing.
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)