BEIJING — Despite ongoing factory closures, thousands of lost jobs and apparel production moving out of China, the Chinese central government has yet to release any plans or policies to deal with shifting production that has come with higher costs.
"I don't understand why the policy makers are not reacting to a situation in which thousands of factories are being closed and exports are decreasing greatly," said Song Hong, a senior international trade research fellow with the Chinese Academy of Social Sciences.
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)