Made in Hong Kong? Territory feels U.S. heat in battle over textiles

Article Abstract:

The US is closely scrutinizing the countries of origin of imported garment and textiles to prevent the mislabeling of goods. Washington is particularly concerned about products coming from Hong Kong, fearing that they actually come from China and are further contributing to that country's already huge trade surplus with the US. The US Customs Service is proposing to send its agents to Hong Kong factories to ensure check whether garments and textiles really come from the British colony. Hong Kong officials are protesting this plan.

All Other Miscellaneous Textile Product Mills, Textile goods, not elsewhere classified, Textiles NEC, United States, International trade, Hong Kong, United States foreign relations, Clothing and dress, Hong Kong foreign relations, Clothing, Textiles, Textile fabrics, Rules of origin (International trade), Rules of origin

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Giordano's franchisee in Shanghai is under investigation

Article Abstract:

Giordano International Ltd. (Giordano) disclosed that its franchisee in Shanghai, China, is being investigated by authorities for alleged criminal activities. The company stressed that it was not aware of what the franchisee had allegedly done and that its own audit of the Shanghai operation did not reflect anything unusual. Chinese authorities have also shut down 25 other Giordano franchise operations outside Shanghai. The closures could have serious implications on Giordano's expansion plans in China.

China, Management

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Giordano posts 42% increase in profit on strength of its Chinese subsidiary

Article Abstract:

Giordano Holdings Ltd. reported total net profits of $25.3 million for FY 1994 operations, up 42% from the level seen in 1993. This has been translated into higher share prices for the clothing concern and company officials have announced a 7.5-cent-per-share dividend for shareholders. Observers believe the main factor in the company's good performance was its ambitious expansion drive into the Chinese market.

Finance

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