China
Chinese giant manufacturer Yue Yuen with 7.1% decline in profit
The group announced turnover of 7 583 million USD for 2013, up 4.1% compared to 7 281 million USD in the previous period. Total net profit amounted to 434.8 million USD in 2013, down 7.1% compared to 467.9 million USD in the same period last year
Workers strike in China at one of the largest footwear manufacturers
Workers at a Chinese factory owned by Yue Yuen Industrial (Holdings) Limited, a key supplier to some of the world's footwear giants, were on strike several days in a dispute over benefits
Belle International announced 3.2% rise in profits
Belle International Holdings Ltd, Chinese top footwear retailer reported a 3.2% rise in their profit, now reaching 526.22 million euros (unaudited), in a statement announcing the interim results for the year ending 31st December 2013
.jpg "Chinese industry planning shoe city in Ethiopia")
Chinese industry planning shoe city in Ethiopia
The Chinese footwear Huajian Group plans an investment of $ 2 billion to a new production area in Ethiopia. The project will transfer management skills to the locals.
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