BEIJING —China's exports in January surged beyond expectations, indicating that fears of a slowdown in the world's second-largest economy may be fading.
On Friday, the Chinese government released a raft of trade data suggesting that earlier signs of economic rebound in China were not an aberration. Leading the figures, China's foreign trade in January grew by 26.7 percent over the same month last year, following much more moderation growth of 10.1 percent year-on-year in December, according to the country's General Administration of Customs. Exports rose by 25 percent, while imports were up by 28.8 percent the customs agency said, boosting the level of overall foreign trade growth.
China's measure of the trade surplus widened by 7.7 percent, but there should be some adjustment for the Lunar New Year holiday, which fell in January last year and February this year. The month often brings strong retail growth but a noticeable slowdown in production and factory output. RELATED STORY: Wage Inflation Sweeps Southeast Asia >>
The customs agency said exports were up significantly both to the United States and Europe in January over the same month last year, continuing a series of indicators that China's manufacturing industry is picking up after months of sluggish growth and stalled output. But the pickup in not just due to a rise in demand from the US and Europe. Exports to Southeast Asian countries rose by 48.6 percent, the customs agency said.
At the same time, the central government said domestic consumer inflation had slowed in January to 2 percent, well below what the government considers and acceptable level of growth in consumer prices. The People's Bank of China has warned inflation could rise more than 3.5 percent by the end of the year.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast