China announced that it will start handing out childcare subsidies across the nation, in its latest push to boost birthrates after a worrying drop in recent years. The government will spend 3,600 yuan ($502) a year per child under age three, according to the official Xinhua News Agency. The assistance, effective retrospectively from Jan. 1…
China’s top leadership has pledged to curb aggressive price competition among businesses, aiming to accelerate efforts toward a unified national market to help boost domestic demand. Officials at a high-level economic meeting chaired by President Xi Jinping said they would crack down on “disorderly” low-price competition and phase out outdated industrial capacity, Xinhua News Agency…
Fashion’s manufacturing base wants a bigger say in the industry’s sustainability efforts. Much of the sector’s environmental footprint takes place deep in supply chains, where textiles are washed and dyed in energy-, water- and chemically intensive processes. But the industry’s plethora of sustainability-focused initiatives are largely driven by brand demands. That’s led to criticism that…