SHANGHAI — China’s Purchasing Managers’ Index showed the country’s manufacturing sector grew faster than anticipated in the month of February.China’s official PMI, which mainly tracks large, state-owned enterprises, edged to 51.6, the highest in three months, according to data released Wednesday by China’s National Bureau of Statistics.A reading of above 50 indicates growth, while below 50 indicates contraction.The expansion beat analysts’ projections of 51.1 in a poll by Reuters. The February reading was 0.3 points higher than the previous month, and 2.6 points higher than the corresponding period last year, when manufacturing contracted.A separate PMI survey from Markit/Caixin, which focuses on small- and mid-size firms, increased to 51.7, compared with 51.0 in January.Results of 50 and above for both surveys is a positive indicator for China’s economy.Official data also showed domestic and international demand improved in the month. Shaun Rein, founder of China Market Research Group, said his company is bullish on the country for the first and second quarters.“We think it’s going to outperform the market. We actually think that there is a good chance there is going to be faster growth in 2017 than last year. Real estate is fairly strong, so you're seeing huge sales for real estate equipment makers,” he said.“They had a terrible last couple of years, with too much inventory, but now that inventory has cleared out and they are really going to do well.”Rein added that retailers should have a good first half, too.“The Chinese consumer is going to rebound and there is going to be heavier demand within China, especially, for products. They definitely run a risk of trade wars, but I think most analysts are overestimating the risk,” he said.China analysts have also noted high consumer confidence of late, with workers receiving larger bonuses during the Chinese New Year period.
In honor the @CFDA’s announcement of @iamnaomicampbell receiving the Fashion Icon Award at the 2018 #CFDAAwards, which will take place on June 4, here’s a #tbt of the supermodel on @michaelkors’ runway in 1991. #wwdfashion #wwdarchive (📷: George Chinsee)
“I was making the guacamole when my scout saw me,” says model @stuckinteenage on being discovered just six months ago while working at @chipotlemexicangrill. Since then Williams has signed with @dnamodels, walked in her first show at @calvinklein and landed on the cover of @vogueitalia – a high point of any model’s career. To read @lisajlockwood’s full interview with the model on her experiences thus far, head to WWD.com – link in bio. (📷: George Chinsee)
“I love the idea of dialogue, period. It’s where I’ve always gotten my inspiration from: hearing other women speak, their journeys and their paths,” said @hereisgina, who delivered the keynote speech during @sxsw for @createcultivate in partnership with @fossil. For her two panels, Rodriguez chose female empowering, female-led and female entrepreneurs to focus on. Head to WWD.com to read more about her thoughts on Time’s Up, growing up in a family of women and why we “need a girls’ club.” #wwdeye #sxsw (📷: @jgreenery)
Leading luxury brand are shaking things up to keep up with streetwear. Case in point: the arrival of @mrkimjones as artistic director of @diorhomme. Jones, who succeeds @Kris_Van_Assche, is seen as one of the handful of designers who can actually straddle the luxury and streetwear worlds — which could lead to even more changes at established brands. What could this mean for the rest of the menswear landscape? Head to WWD.com to find out what experts predict #wwdfashion (📷: @franckmura)
“It’s like buying groceries. You’re going to buy the best mango, the best mozzarella, the best things. You have to, or others are going to take it all,” said @gabrielahearst on why she uses only the finest fabrics. Last week, Hearst received her first @cfda nomination for Womenswear Designer of the Year, and earlier this month she opened a permanent showroom in Paris. To read @jessiredale’s interview with the designer and find out why this is shaping up to be a big year for her, head to WWD.com. #wwdfashion (📷: @francoisgoize)
“It’s an interesting thing, playing a younger version of your mother. It’s an interesting concept. I adore my mom and love her in every capacity, but it was just something that had never crossed my mind,” says @anniemstarke on playing a young Joan Castleman in “The Wife.” The same role will be played by her mother Glenn Close. Read more about her growing up in the film industry as the daughter of producer John H. Starke and Close and what she has planned for the future #wwdeye (📷: @nataliamantini)
@asics is launching a new streetwear sneaker inspired by its latest ambassador, @steveaoki. The Hyper-Kenzen x Aoki, which will launch at @footlocker stores exclusively tomorrow, is a slip-on style that incorporates the brand’s proprietary Gel technology through beads integrated into the midsole for comfort and endurance. Read the full story on WWD.com.