SHANGHAI — China’s economy might be growing faster than almost any other country’s, but the mood within the nation’s textile and apparel sector is decidedly somber.
Last month, China said its economy grew 7.1 percent in the first half to 13.99 trillion yuan, or $2.06 trillion at current exchange rates. While most countries would celebrate such figures, for the Chinese government they represent a challenge: the nation’s target is 10 percent growth a year.
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)