Iran’s handwoven carpet exports, once worth nearly $2.5 billion annually, have now “virtually stopped,” according to a provincial industry official, marking a dramatic decline in one of the country’s most traditional export sectors.

China has announced a two-year work plan aimed at stabilizing and promoting growth in itsautomotive sector.

Chinese vehicle producer SWM plans to build a car manufacturing plant in Türkiye, the firm's representative Atmo Group announced on Monday.