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Global Times: How Guizhou villagers revitalize Miao embroidery to eradicate poverty, revive traditional culture

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BEIJING, Feb. 18, 2025 /PRNewswire/ — Nestled in the misty mountains of Southwest China’s Guizhou Province, where ancient traditions whisper through bamboo groves, the vibrant world of Miao embroidery comes to life with every stitch crafted by local artisans. 

Guizhou has long been one of the most impoverished regions in China, grappling with a combination of geographical, economic, and infrastructural challenges that make daily life a struggle for many families. However, during China’s monumental anti-poverty campaign – unprecedented in scale – Guizhou embarked on a transformative journey that harnessed local resources, introduced innovative methods, and revitalized traditional culture, ultimately achieving zero poverty by 2020. 

For the villagers of Huawu in Xinren Miao Township, Guizhou’s Qianxi city, the art of Miao embroidery, an intangible cultural heritage, was their magic weapon helping them shake off poverty and achieve prosperity. 

Xi Jinping, general secretary of the Communist Party of China Central Committee, gave the thumbs up to using Miao embroidery to pass down ethnic, traditional culture, aid in the battle against poverty, and promote rural vitalization when visiting the villagers of Huawu on February 3, 2021, the Xinhua News Agency reported. 

Xi noted that “The treasures of ethnic culture are also the pride of the entire world. Miao embroidery is both traditional and fashionable, both a cultural treasure and an industry. It can promote not only traditional culture but also rural revitalization. Traditional ethnic culture like Miao embroidery must be kept alive and developed well.”

Following the approach put forward by Xi, Huawu has made the ancient art of Miao embroidery a significant driver in the revitalization of rural industry, turning itself into one of China’s beautiful leisure villages, Xinhua reported.

Return hometown to start own business

Yang Wenli, a 30-year-old woman born in Huawu village, still vividly remembers when Xi went on an inspection tour of the village’s poverty-alleviation workshop to learn about the development of the Miao embroidery industry and the preservation of traditional ethnic culture.

“I was greatly encouraged. In the future, I will cultivate more excellent embroiderers and I hope that one day our Miao embroidery works can be showcased at more international platforms, allowing traditional cultures like embroidery and wax dyeing to be known and loved by more people around the world,” Yang told the Global Times. 

Yang was not originally involved in the industry. While she started to learn traditional Miao embroidery from an early age, she had not imagined that this local craft, which nearly every woman in the community was able to do, could lead to something greater than just making clothes for people. 

After graduating from high school, in order to ease her family’s financial burden, she found a job at an embroidery factory in East China’s Zhejiang Province. It is at this factory that she encountered machine embroidery. 

“A senior worker told me that the machine can embroider any pattern. I was dubious of her words. Then I drew a random pattern and gave it to her, and she embroidered it with the machine,” she recalled. 

That ignited a dream of mastering the use of such machines to create Miao embroidery in Yang’s heart.

After a learning period at the factory, Yang became proficient in operating the embroidery machine. After discussion, Yang and her husband pooled their money to buy a second-hand embroidery machine and returned home to start their own business.

At first, Yang set up a small family workshop. In 2019, with the support and assistance of the local government, she established a Miao embroidery workshop in Huawu village.

“We returned to our hometown to start a business not only to earn money for a better life, but also to help more women like me find employment through embroidery. We want to ensure that the children here are no longer left-behind children like our generation,” Yang said. 

To this end, Yang provided free training in embroidery techniques and machine operation for local embroiderers, while also taking orders in the market to ensure that everyone had work and income.

Today, Yang has a design team to innovate the styles, colors, and accessories of Miao embroidery clothing, while also venturing into the cultural and creative sector by producing bags, scarves, and other products. She has also transformed her workshop into a new 1,600-square-meter factory, utilizing fully automatic sewing and embroidery machines. 

Her workshop has, so far, created job opportunities for 22 villagers. The highest monthly salary of embroiderers in Yang’s workshop reaches 8,000 yuan ($1,103), according to Yang.

Connect ethnic culture with fashion 

As an intangible cultural heritage inheritor, Peng Yi has been thinking about how to pass on and develop Miao embroidery techniques since the day she started learning. A native of Huawu village, Peng has been deeply influenced by Miao batik and embroidery since childhood.  

During her learning process, she developed a dream of promoting and revitalizing these ancient art forms. In 2015, to connect ethnic culture with fashion and bring it into the homes of many, Peng went to pursue a master’s degree in ethnic and folk art at the Guizhou Minzu University. After graduating, Peng returned to Qianxi and established a company.

For Peng, inheritance is the most important aspect. She carefully taught her students the techniques of Miao embroidery and batik, requiring them to submit one or two batik paintings and a small piece of embroidery each week. She discussed each piece with her students, guiding them to adjust their techniques, and collaboratively researching and developing new technologies and products. 

She also continuously visits other inheritors of intangible cultural heritage and folk artists, participates in various exhibitions, and works hard to promote the embroidery and batik products of Huawu Village. 

“I firmly believe that traditional Miao embroidery and batik will continue to write more fashionable stories. We not only need to preserve Miao embroidery and batik, but also strengthen and expand the ethnic handicraft industry, allowing the lives of our elders and fellow villagers to flourish like the patterns of Miao embroidery and batik,” Peng told the Global Times. 

Today, Peng’s studio has innovated over 100 batik and Miao embroidery cultural and creative products, including clothing, office supplies, and home decorations. 

“The development of embroidery and batik needs to keep pace with the times; only through continuous innovation can more people appreciate these works, allowing the art of batik and embroidery to flourish,” she stressed.

Join to save the ancient craft

Luo Yang, from East China’s Shandong Province, was one of those who were attracted by the charm of traditional Miao embroidery and batik, thus deciding to join the industry to help preserve the culture.  

In 2009, Luo went to a primary school in Qianxi as a voluntary teacher. It was during this year of teaching that she discovered the unique charm of Miao embroidery and batik. 

After 2010, Luo went to work in Shanghai, but Miao embroidery and batik kept lingering in her mind. After getting married in 2021, she discussed her dream with her husband who supported her and later went to Qianxi with Luo to promote Miao embroidery. 

The couple discovered that while Miao batik are exquisite, the inheritance of this art form faced challenges due to the acceleration of industrialization and urban-rural integration. 

Many young people left their hometowns for work, leaving behind the elderly and children in the villages, and the techniques at that time struggled to enter the market. The younger generation was reluctant to learn, putting this ancient craft at risk of disappearing, Luo explained. 

“I studied art design and have over a decade of experience in the advertising industry in Shanghai, which makes me think that I can do something to help the protection, inheritance, promotion, and development of the two intangible cultural heritages,” Luo told the Global Times. 

Thus, Luo established a company to start her entrepreneurial journey, while her husband Yang Ming, who is now the principal of a primary school in the Gaojin township, Qianxi, focused on promoting intangible cultural heritage in schools. 

“I took senior Miao wax dyeing artisans, most of whom are dubbed as ‘old aunts,’ in the village to visit places where the industry of Miao embroidery and batik is more developed. They gradually understood that batik is not outdated, but a craft that is still loved by many people and can create practical value. This restored their confidence in their ethnic traditional technique,” Luo said. 

She said that the moment she saw some of these “old aunts” were willing to pick up their wax knives again, her eyes were filled with tears. 

Now, Luo routinely organizes batik and embroidery training in her company, and invites professional teachers to teach new techniques. She has also taken Miao batik works to exhibitions in bigger cities like Beijing, Shanghai, and Hong Kong.

In 2023, a large-scale Miao batik and embroidery work titled “Miao Rhythm: Flame of Inheritance,” designed by Luo and Yang, made a stunning debut at the Hangzhou Asian Games Museum. With its unique artistic charm and cultural value, the work was permanently preserved by the Asian Games Museum.

According to Yang, the Miao embroidery products her workshop creates are sold to countries including the UK, France, and India, and are popular among local customers. 

In the summer of 2024, Yang managed to secure a cross-border order. “At that time, several foreign tourists visited our workshop. They were very interested in our Miao embroidered hats. They ordered 1,000 hats and later added another 3,000.” 

Now, Yang’s daughter has also fallen in love with this traditional craft and has become a new generation of inheritors. “She says she wants to be a designer when she grows up. I think that is great. I told her that when you become a designer, you can combine advanced design concepts with traditional Miao batik and embroidery to create more beautiful things and continue to pass on this traditional craft.”

https://www.globaltimes.cn/page/202502/1328583.shtml

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SOURCE Global Times

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Investors in Volkswagen Group of America Finance, LLC 144A Bonds may be entitled to a Payment from an SEC Distribution Fund

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SAN FRANCISCO, Nov. 2, 2026 /PRNewswire/ — The following statement is being issued regarding the VW Distribution Fund.

UNITED STATES SECURITIES AND
EXCHANGE COMMISSION,

Plaintiff,
vs. 

VOLKSWAGEN “CLEAN DIESEL”
MARKETING, SALES PRACTICES, AND   
PRODUCTS LIABILITY LITIGATION

Defendant.

MDL No. 2672 CRB (JSC)

and

U.S. SEC v. Volkswagen AG,  

No. 3:19-cv-1391 CRB

VW DISTRIBUTION FUND 
SUMMARY DISTRIBUTION PLAN NOTICE

The United States Securities and Exchange Commission authorized this Notice. 
This is not a solicitation from a lawyer.

Who is Eligible to Participate in the Distribution Fund?

If you purchased or otherwise acquired 144A Bonds issued in Volkswagen Group of America Finance, LLC (“VWGoAF”)’s November 20, 2014, offering and/or May 22, 2015, offering (collectively, the “Securities”) during the period from November 20, 2014, through September 18, 2015 (the “Relevant Period”), and suffered losses due to the misconduct alleged in the Complaint, you may be entitled to receive a payment from the VW Distribution Fund.

Defendants paid a total of $48,750,000 into the Distribution Fund.

The administration of the Distribution Fund is governed by the Plan developed by the Securities and Exchange Commission and approved by the U.S. District Court for the Northern District of California on September 3, 2026. A copy of the Plan, which contains a description of eligibility and other conditions of participation, is available at www.VWDistributionFund.com.

Calculation of Distribution Payments

Each Eligible Claimant’s Recognized Loss is determined by the calculations outlined in the Plan of Allocation (Exhibit A to the Plan of Distribution). If the Net Available Distribution Fund is less than the sum of the Recognized Losses of all Eligible Claimants, each Eligible Claimant’s distribution amount will be equal to his, her or its “Pro Rata Percentage” of the Net Available Distribution Fund. If sufficient funds are available, an Eligible Claimant may receive the recognized loss less any Prior Recovery, plus any Reasonable Interest. If an Eligible Claimant’s distribution amount is less than the Minimum Distribution Amount of $250.00, that Eligible Claimant will be deemed ineligible to receive a Distribution Payment.

How to Participate

If you believe you may be an Eligible Claimant and wish to participate, submit your Claim Form via the online filing portal available at www.VWDistributionFund.com or mail a completed paper Claim Form, postmarked no later than the Claims Bar Date. When submitting a Claim Form, you must also include acceptable supporting documentation to confirm your transactions and holdings in the Securities, as defined by the Plan.

Claims Bar Date: February 26, 2027, 11:59 PM PT

Website:          www.VWDistributionFund.com
Email:               Info@VWDistributionFund.com
Phone:             1-888-830-4646
Address:         VW Distribution Fund
                         c/o KCC Class Action Services
                         Distribution Agent
                         P.O. Box 301170
                         Los Angeles, CA 90030-1170

Questions?

This Notice provides only summary information regarding the VW Distribution Fund. We strongly recommend that you consult the information and documentation found on www.VWDistributionFund.com in its entirety.

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SOURCE VW Distribution Fund

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Five TSX Stocks Finished Well Ahead of the Composite in a Week of Results and a Rate Hike

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TORONTO, Nov. 02, 2026 /CNW/ — Canada News Group News Commentary – Toronto’s benchmark index gave back ground in the last week of October, but several companies that put out results or other news of their own finished the week with sizable gains. The S&P/TSX Composite Index closed at 35,620.03 on Friday, October 30, down 168.15 points, or 0.47%, from its October 23 close of 35,788.18, according to TMX Money data. To find the stronger performers, Canada News Group compared October 23 and October 30 closing prices published by Stock Analysis for Toronto Stock Exchange companies with a market capitalization of at least C$1 billion, setting aside Canadian Depositary Receipts of foreign companies. The five companies below, with weekly gains ranging from 4.60% to 27.02%, each issued news during the week; they are drawn from that screen and are not presented as a complete ranking of the exchange’s top performers. Active Companies from around the markets with current developments this week include: Bausch Health Companies Inc. (NYSE: BHC) (TSX: BHC), Black Diamond Group Limited (TSX: BDI), Methanex Corporation (TSX: MX) (NASDAQ: MEOH), Precision Drilling Corporation (TSX: PD) (NYSE: PDS), TMX Group Limited (TSX: X).

The central event of the week came on Wednesday, October 28, when the Bank of Canada raised its target for the overnight rate by 25 basis points to 2.5%, putting the Bank Rate at 2.75% and the deposit rate at 2.45%. It was the bank’s first rate change since October 29, 2025, when it cut by the same amount. The bank said CPI inflation has been around 3% since April and is expected to rise to about 3½% by the end of the year, and it described the hike as a step to limit the risk of continuing high energy prices feeding broadly into what Canadians pay for other goods and services. Governing Council said there could be a need to raise the rate further but, given uncertainties, agreed to proceed carefully. The next scheduled rate announcement is December 9.

The index moved higher in each of the first three sessions of the week, closing at 36,265.09 on October 28, the day of the decision. It slipped 16.06 points on Thursday and then fell 629.00 points, or 1.735%, on Friday. Even after that drop, TMX Money data show the S&P/TSX Composite up 12.321% for the year to date.

The week of November 2 brings a full Canadian calendar. Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers are scheduled to appear before the House of Commons Standing Committee on Finance on November 3 and the Standing Senate Committee on Banking, Commerce and the Economy on November 5. Statistics Canada plans to publish September merchandise trade figures on November 4 and the Labour Force Survey for October on Friday, November 6, with releases issued at 8:30 a.m. Eastern. On the earnings side, Shopify plans to announce third-quarter results before markets open on November 3, and Manulife will release its third-quarter results after markets close on November 4.

When one quarterly report can move a stock by double digits in a week the broader index finished lower, knowing what the chart was showing beforehand matters. Stock Preachers covers that in its free Knowledge is Power guide at canadanewsgroup.com/sp, which shows how to weigh a headline against what the chart is doing.

In other industry developments and happenings in the market this week include:

Bausch Health Companies Inc. (NYSE: BHC) (TSX: BHC)

Bausch Health’s Toronto-listed shares closed the week at C$11.47, up 27.02% from C$9.03, including a 28.34% gain on October 29, the day after the company reported its third-quarter results. Consolidated revenues were $2.94 billion, up 10% on a reported basis and 8% on an organic basis, and GAAP earnings per diluted share attributable to Bausch Health were $1.15, compared with $0.48 a year earlier, while adjusted earnings per diluted share rose to $1.77 from $1.16. Excluding Bausch + Lomb, Bausch Health recorded its fourteenth consecutive quarter of year-over-year revenue and adjusted EBITDA growth and raised its full-year 2026 revenue, adjusted EBITDA and adjusted cash flows from operations guidance for that business, while the company updated its consolidated revenue and adjusted EBITDA guidance. Salix segment revenues rose 16% to $831 million. Its board also authorized a $50 million share repurchase program, primarily to offset dilution from management equity awards expected to vest in 2027.

“Our performance reflects disciplined execution across the portfolio, with healthy cash generation supporting more than $500 million of net debt reduction during the quarter,” said Thomas J. Appio, Chief Executive Officer, Bausch Health.

Black Diamond Group Limited (TSX: BDI)

Black Diamond Group shares rose 13.13% over the week to C$21.11, including a 7.38% gain on Friday, October 30. On October 29, the space rental and workforce accommodation provider reported third-quarter total revenue of $159.9 million, up 52% from a year earlier, and adjusted EBITDA of $42.3 million, up 33%, with figures in Canadian dollars. Workforce Solutions revenue rose 127% to $97.9 million, an increase the company said was driven by the contribution of Royal Camp Services Ltd., and the segment’s formal bids outstanding in Canada alone top $2.3 billion, which the company said represents more than double its current fleet capacity. LodgeLink generated record Total Trade Value of $51.5 million. Black Diamond also raised its quarterly dividend by 22% to $0.055 per share, payable on or about January 15, 2027, and on October 30 announced the appointment of Michael Chan to its board.

“His experience and perspective will complement the strengths of our Board as we execute against our long-range strategy, serve our customers and deliver compounding shareholder value,” said Trevor Haynes, Chairman and CEO of Black Diamond Group.

Methanex Corporation (TSX: MX) (NASDAQ: MEOH)

Methanex shares finished the week at C$99.85, up 12.81% from C$88.51, with a 13.76% gain on October 30 alone. In third-quarter results released October 29 and stated in U.S. dollars, the methanol producer reported net income attributable to Methanex shareholders of $265 million, or $3.42 per diluted share, compared with $198 million, or $2.45 per diluted share, in the second quarter, and Adjusted EBITDA of $543 million. It produced 2,143,000 tonnes of methanol, with record North American production. The average realized price was $510 per tonne, compared with $529 per tonne in the second quarter, and based on its October and November posted prices and current spot pricing, the company expects an average realized price of approximately $525 to $550 per tonne for those two months. Methanex generated $646 million of cash flows from operating activities, ended the quarter with $912 million in cash and, subsequent to the quarter, announced approval of a 5% normal course issuer bid to repurchase up to 3,868,213 common shares through November 3, 2027.

“Our enhanced asset base continued to run well, particularly in North America, helping to drive another quarter of strong Adjusted EBITDA and cash flow,” said Rich Sumner, President & CEO of Methanex.

Precision Drilling Corporation (TSX: PD) (NYSE: PDS)

Precision Drilling shares rose 12.48% over the week to C$148.12. On October 27, the drilling contractor reported third-quarter results in Canadian dollars, with revenue of $532 million, up 15% from $462 million a year earlier, Adjusted EBITDA of $125 million, up 6%, and net earnings attributable to shareholders of $21 million, compared with a net loss of $7 million in the third quarter of 2025. Canada averaged 73 active rigs, up 16%, and the U.S. averaged 43 active rigs, up 19%, growth the company said outpaced the U.S. industry’s 10% increase in activity. Cash provided by operations of $71 million in the quarter allowed for the repurchase of $31 million of common shares, and the company revised its 2026 capital budget from $265 million to a range of $275 million to $285 million to accommodate long-lead deliveries and a pending upgrade opportunity that would have multiple rigs contracted through 2029 for a large Canadian producer.

“We are delivering on what we set out to accomplish in 2026: growing revenue and deepening customer relationships, generating free cash flow, and returning capital to shareholders,” said Carey Ford, Precision’s President and CEO.

TMX Group Limited (TSX: X)

Shares of TMX Group, whose operations include Toronto Stock Exchange, TSX Venture Exchange and Montréal Exchange, rose 4.60% over the week to C$60.07, including a 5.28% gain on October 30. In third-quarter results released October 29, the company reported revenue of $491.1 million, up 17% from $418.6 million a year earlier, and adjusted diluted earnings per share of $0.63, up 21% from $0.52. Diluted earnings per share were $0.38, down 12% from $0.43, including a 10 cent per share decrease related to net foreign exchange losses. Revenue excluding recent acquisitions grew 11%, and during the quarter TMX completed the acquisitions of Cboe Australia, renamed TMX Australia Exchange, and RAFI Indices for an aggregate of US$635.2 million ($883.1 million) in cash.

“As a result of the steps forward we have taken this year, TMX is better positioned to compete: more resilient, more responsive and better able to solve complex challenges for our growing client base around the world,” said John McKenzie, Chief Executive Officer of TMX Group.

Each of the five companies above put fresh results or corporate news in front of investors last week, and the coming days bring more quarterly reports, October jobs data and two committee appearances by the Bank of Canada’s governor and senior deputy governor. Canadian investors who want a framework for judging TSX moves around earnings and jobs data before they happen can pick up the free Stock Preachers guide, along with The Roadmap market reports, at canadanewsgroup.com/sp.

Contact Information:

canadanewsgroup.com

Media Contact: info@canadanewsgroup.com

DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is not a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances.

This article is independent news commentary. Canada News Group is wholly owned and operated by Market Equities Limited (“MEL”), a company incorporated under the laws of Ireland. MEL has not been paid by any company mentioned in this article. MEL and its owners, operators, directors, and affiliates do not currently own any shares of the companies mentioned in this article, but reserve the right to, and will, buy and sell shares of those companies at any time without further notice. Weekly price changes compare Toronto Stock Exchange closing prices in Canadian dollars on October 23 and October 30, 2026, as published by Stock Analysis (stockanalysis.com), for TSX-listed companies with a market capitalization of at least C$1 billion on its Toronto Stock Exchange list, excluding Canadian Depositary Receipts; a small number of listings could not be checked. S&P/TSX Composite Index levels for October 23 through October 30, 2026 are from TMX Money price history data. Company financial figures are as reported by each company in its stated currency. Policy and calendar references are drawn from the Bank of Canada’s October 28, 2026 rate announcement and upcoming events page, Statistics Canada’s release schedule for November 2 to 13, 2026, and announcements by Shopify (October 6, 2026) and Manulife (October 22, 2026), and scheduled events may change. Information is drawn from company news releases and filings, government and industry data, published reporting and third-party data believed to be reliable, but its accuracy is not guaranteed. Investing in securities carries risk, including the loss of some or all of your investment. This document is governed by the laws of Ireland.

 

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SOURCE Canada News Group

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ZIM to Release Third Quarter 2026 Results on Wednesday, November 18, 2026

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HAIFA, Israel, Nov. 2, 2026 /PRNewswire/ — ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced today that the Company will release its third quarter 2026 financial results on Wednesday, November 18, 2026, before the U.S. financial markets open. Management will host a conference call and webcast (along with a slide presentation) to review the results and provide a corporate update at 8:00 AM ET.

The call (and slide presentation) will be available via live webcast on ZIM’s website, located at the following link. Following the conclusion of the call, a replay of the conference call will be available on the Company’s website.

About ZIM

Founded in Israel in 1945, ZIM (NYSE: ZIM) is a leading global container liner shipping company with operations in more than 90 countries, serving over 30,000 customers across more than 300 ports worldwide. ZIM leverages digital strategies and a commitment to ESG values to provide customers innovative seaborne transportation and logistics services and exceptional customer experience. ZIM’s differentiated global-niche strategy, based on agile fleet management and deployment, covers major trade routes with a focus on select markets where the company holds competitive advantages. Additional information about ZIM is available at www.ZIM.com.

ZIM Contacts

Media:
Yifat Ginzberg
ZIM Integrated Shipping Services Ltd.
+972-4-865-2249
media@zim.com 

Investor Relations:
Elana Holzman
ZIM Integrated Shipping Services Ltd.
+972-4-865-2300
holzman.elana@zim.com 

Leon Berman
The IGB Group
212-477-8438
lberman@igbir.com 

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SOURCE ZIM Integrated Shipping Services Ltd.

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