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China eases tariffs on certain textile and leather products

The Chinese government has introduced a reduction to tariffs on certain raw materials, including strategic inputs for textiles and leather, as it looks to bolster its position as a key sourcing hub. The new plan, which came into effect January 1, 2026, was approved by the Customs Tariff Commission of the State Council and published by China’s...

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Luxury: 86 percent of Indian consumers plan to increase spending over next 12 months

Nearly two thirds of Indian and Chinese consumers have spent over 20,000 euros on luxury goods in the past 24 months. Additionally, 86 percent of Indian consumers plan to further increase their spending over the next 12 months, the most significant figure among all markets analysed. The data confirms that luxury growth continues, yet drivers and...

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