News Snapshot:
March and April are supposed to be busy times for designers in Shanghai as they prepare for Shanghai Fashion Week, which normally takes place in October and April. But with a Covid-19 flare up on March 1 and Shanghai entering a citywide lockdown a month later under China’s “dynamic zero Covid” strategy , some have found themselves under strict lockdown. Shanghai Fashion Week had been gaining momentum, largely thanks to Chinese consumers’ strong spending power and a growing army of Chinese designers. What is unsettling is the waning consumer sentiment amid food shortages and overwhelmed medical resources . Spending on...
