China looks forward to begin talks with US on textiles
23 Jun '05
3 min read
China has stressed that the limit on China's textile goods and garments would harm the interests of not only Chinese businesses, but also consumers, dealers and importers in the United States.
Of the total profit generated from the trade of China's clothing, only 10 to 20 percent would go to Chinese textile firms while the remaining 80 percent would go to the US importers, dealers and wholesalers, according to the Chinese ministry figure.
Lu Jianhua, director of the foreign trade department of the ministry, told the website that US cotton producers may eventually suffer from the limit on imports of Chinese clothing.
China is now the largest buyer of US cotton, as the American cotton accounts for some 56 percent of China's total imports. Most of the imports are for the manufacturing of clothing.
"After the US set limits (on China's clothing), exports of Chinese textile firms will be reduced and this may result in less import of the US cotton," said Lu.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
