GENEVA -- China's problematic and sheltered state-ownedenterprisesin the textiles sector, and other light industries, will be forced to shed millions of jobs, as the country lowers import barriers and slashes industrial subsidies as part of its...
GENEVA--China's problematic and sheltered state-ownedenterprisesin the textiles sector, and other light industries, will be forced to shed millions of jobs, as the country lowers import barriers and slashes industrial subsidies as part of its mandatory obligations for membership to the World Trade Organization, which itjoined in December 2001, according to a recently released U.N. report.China's reliance on low tech, labor intensive plants in the textile sector, could make its textile industry vulnerable to the high tech plant of some of its more industrialized neighbors, the report said.The report said Chinese state-owned industries--like textiles, which employs 5.8 million--are "particularly vulnerable" and argued the dismantling of support measured over a 10-year period is likely to have serious repercussions for the state-assisted sector.The study by the U.N. Conference on Trade and Development pointed out that state-owned ventures in China, which included over 3,000 out of a total of 10,981 companies in the textiles sector at the end of 1999, are characterized by"excessive employment, high inventory levels, low productivity, low capacity utilization, inefficient scales of production and outdated technology."The stated-owned textiles sector in 1999 accounted for 6 percent of China's industrial output and 14 percent of its industrial workforce, it said.In contrast to the tough times ahead for government-owned firms in textiles,UNCTAD's "Trade and Development Report for 2002" noted thatChinesestate-owned ventures in clothing, which in 1999 only numbered about 792 out of 6,611 total companies in the sector, are profitable and account only for a small share of sales.On the plus side, UNCTAD trade economists argued that the removal of subsidies and the reduction of tariffs and hidden barriers, along with the elimination of preferential treatment "will, no doubt, exert considerable pressure on these enterprises to improve efficiency and competitiveness."But the report projected that as China opens up its textiles sector to international competition its state-owned mills will not lose business to labor-intensive textile suppliers in South Asia and South East Asia butrather capital-intensive, high tech textiles producers based in Japan, Taiwan and South Korea.Already Taiwan accounts for about 25 percent of China's textile imports. Korea and Japan account for about 20 percent each.The U.N. review said the shift to capital-intensive methods, mainly robotization, has given advanced economies in the region an edge over China and other labor intensive and low quality suppliers.In addition, the report asserts that the liberalization of the clothing sector in China will also affect the competitiveness of the textiles sector."Liberalization of the clothing imports could shift domestic demand in favor of high-quality clothing," it said. It projected that in the short to medium term, the opening of China's market that should result from WTO membership "could favor rapid growth in imports of textiles."Over 55 percent ofChina's exported apparel is made from imported fabric, according to the report.
“What he has done at Vuitton is really exceptional,” said @gameofthrones’ actress Gwendoline Christie on @mrkimjones’ final show for @louisvuitton. “He has rebooted luxury in terms of making it commercial, viable and contemporary. And most importantly artistic. He has never compromised his artistic vision for the sake of commodity.” (📷: @zefashioninsider)
After seeing a demand for men’s wear from its customers, British contemporary women’s wear label @ariesarise has added a men’s wear component and will launch a unisex collection with @mrporterlive. The 20-piece collection includes jackets, denim, logo T-shirts and more with deconstructed ‘90s vibes. Set to launch on January 18, you can shop the pieces on Aries’ website and on mrporter.com. #wwdfashion
“And so spending so much time with a character who thinks like that, inevitability you try and analyze yourself and go back and think about your own demons and dark chapters that you had in your life,” says @thedanielbruhl of his role in TNT’s “The Alienist.” The show, set in the Gilded Age of New York, also stars Dakota Fanning and Luke Evans. Head to WWD.com to read about how 39-year-old Brühl prepared for the role and why he thinks the show is so relevant to today #wwdeye ( 📷: @Eriktanner)
Now that Celine Dion’s collection has topped $10 million in sales, the pop superstar, fashion icon and newly-minted industry player is eyeing growth in Asia. Read the full report by @tiffanyap, link in bio. #wwdnews #celinedion
“My personal philosophy to beauty is paying attention to oneself. I love to be outdoors, lots of fresh air, trying to take care of yourself as best you can. I always notice that comes through,” says Felicity Jones, the global face of @shiseido-owned @cledepeaubeauteus, which launches today. Head to WWD.com to read more about the actress’ love for beauty and how she prepared for her new role in “The Basis of Sex,” playing the young Ruth Bader Ginsburg. #wwdbeauty (📷: @dandoperalski)
Among the familiar faces at @off____white’s show was a surprise figure: Japanese artist @takashipom, pictured here on Wednesday morning. Other show-goers included @jerrylorenzo, who spoke about his upcoming project: a @nike collaboration for back to school, with designs inspired by his childhood on the West Coast. Sitting in the front row were Future, Don Crawley, @miguel and more. See the rest of the photos on WWD.com #wwdeye (📷: Stephane Feugere)
According to @laurentsai, former “Terrace House: Aloha State” cast member, she didn’t know she was auditioning for the Japanese version of “Real World.” “I was telling a couple of my friends and someone’s like, ‘That sounds a lot like Terrace House.’ I was like, ’No it can’t be.’” Turns out, it was. But Tsai isn’t just a reality star — she’s an illustrator who has worked with Starbucks Japan and most recently, she’s dipping her toes into the fashion world. Head to WWD.com to read about her time on the show, modeling and her art. #wwdeye (📷: @danieldorsa)
More changes are coming to New York Fashion Week: Beginning with the spring 2019 collection, @alexanderwangny will move his New York show to June from September, adopting a biannual schedule with collections shown in June and December. Additionally, the @cfda is planning for an official summer/winter fashion season taking place as soon as June and December 2018. Read more about the upcoming changes on WWD.com. #wwdnews #wwdfashion (📷: @slovekinpics)