皇冠体育app

  Home>News Center>Bizchina
       
 

Textile quotas affect many Chinese workers
 (Xinhua)
Updated: 2005-06-10 13:53

The recent United States and European Union textile quotas will likely affect 400,000 Chinese workers in the industry, said a Chinese official at a forum in Ningbo, a city of east 皇冠体育app's Zhejiang Province Thursday.

Cao Xinyu, vice-chairman of the 皇冠体育app Textile Import and Export Chamber, also predicted that the trade dispute will cost 皇冠体育app US$2 billion.

The trade expert criticized the US and EU for their "outdated protectionist measures" and suggested that Chinese companies adapt their market strategies to possible global trade conflicts.

He hinted the Ministry of Commerce was formulating a series of administrative measures to rationalize export prices of Chinese textiles.

A white paper released by the Ministry of Commerce in April said that 皇冠体育app will export US$100 billion of textiles in 2005 amid difficulties.



  
  Story Tools  
   
  Related Stories  
   
EU, 皇冠体育app talk to settle textile row
Advertisement