April 18th, 2007 
Fashionista 
It has been a busy week for designers, some news excerpts around the web from the world of Fashion:
A Wrap-Up of Fall: Reasons to Rejoice
“WHEN the fall runway season ended, a week ago Sunday, there seemed more to consider than to sweep aside. Rare was the first-tier show that clanged like an empty pot — and you wouldn’t have said that six months ago, when designers conjured up a cross between a Star Trek groupie and an Elvis impersonator. (See Steven Meisel’s spread in February Italian Vogue for details”
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Textile quotas were eliminated among WTO members at the first day of 2005 in accordance with the Agreement on Textiles and Clothing (ATC). However, resistance to quota removal spread in the US and EU. Subsequently, China reached agreements with the EU and the US in June and November 2005 respectively. The China-US agreement, effective from January 2006, governs the exports of a total of 21 groups involving 34 categories of Chinese textiles and clothing products to the US during 2006-2008. The China-EU agreement, effective from June 2005, covers 10 categories of Chinese textiles and clothing exports to the EU during 2005-2007.
In the last two decades, no country like China has received so much coverage worldwide. Their economy expansion has attracted many foreign investors who want to get a piece of the growing economy. Furthermore, with regard to the WTO, China has been relaxing their restrictions on foreign investments regulations. This actually indicates that the government is supporting foreign investors to enter into the China market. China is placing more importance to the quality rather than the quantity of foreign investment. This shows the development of the China market where they are focusing on refining their economy as they expand further. 
The Chinese economy continues its dynamic performance, averaging around 10% growth for the last 5 years. As barriers to entry are reduced, more and more businesses are considering their entry into China. This is in an effort to capture some percentage of the returns generated by China’s 1.3 billion consumers.