Trend-setter Shein on Mexico expansion ideals
Shein, a prominent online fashion retailer, is considering the establishment of a factory in Mexico as part of its efforts to expand its manufacturing capabilities beyond China, according to insider sources. This move is seen as a step towards localizing production, which could result in shorter shipping times and reduced distribution costs for Shein’s customers […]
Chip firm CXMT in dire straits with legislators chasing tails
On Tuesday, the chairman of the U.S. House of Representatives’ committee on China called for trade restrictions on Changxin Memory Technologies (CXMT), a Chinese memory chip maker. This request follows China’s recent ban on the sale of certain chips by Micron Technology Inc, a U.S.-based company. The trade dispute between the two largest economies in […]