Top stories this week on just-style were dominated by an exclusive update from Hong Kong, including a look at how the territory is emerging as a new hub for sustainable innovation, and the opening of its first mill in more than half a century to produce recycled yarn from post-consumer apparel. Other highlights focused on threats by China to impose new tariffs of up to 25% on around $60bn of US imports, bringing clothing into the fray for the first time; and Fung Group investing US$35m in Indian B2B e-commerce company ShopX.
Why Hong Kong is the new hub for sustainable innovation
Hong Kong’s once powerhouse textiles and apparel sector might be shrinking, but that doesn’t mean it’s losing its significance. Far from it. A number of new projects being unveiled in September – and revealed exclusively on just-style – include the first mill being set up in the territory in more than half a century to produce recycled yarn from post-consumer apparel.
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Hong Kong to open first yarn mill in 50 years – Exclusive
Next month the first mill in more than half a century will open in Hong Kong to produce recycled yarn from post-consumer apparel.
China’s latest tariff threat brings clothing into the fray
China has threatened to impose new tariffs of up to 25% on around $60bn of US imports – bringing clothing items into the worsening trade war for the first time.
China trade war not yet hurting US garment imports
Apparel imports into the US from China have risen again, jumping nearly 16% in June from a month earlier despite ongoing trade tensions between the two countries. Year-on-year, however, shipments from the largest supplier of apparel to the US slipped slightly, while gains were seen by competitors Vietnam, Bangladesh, India and Cambodia. Elsewhere, El Salvador booked the highest growth of the top ten, despite of the spectre of rising violence threatening to undermine sourcing in the region.
Fung Group invests US$35m in India’s ShopX platform
Indian B2B e-commerce company ShopX, which connects consumers and small merchants with brands and suppliers, has secured a US$35m investment from Fung Strategic Holdings to fuel its expansion plans.
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