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Textile exports rising sharply

www.chinanews.cn 2005-03-22 15:46:35

The first monthly import and export statistics for the post-textile quota
era shows continuous declines in textile export prices, caused by sharp
competition in China's textile market. Textile manufacturer associations
of the European Union, US and other major textile importing countries
have joined forces to persuade their respected governments to take
measures to restrain a huge influx of Chinese textiles. A new round of
trading wars in response to China's textile export will soon begin.

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