Disruptive exports denied
10/5/2005 16:23
Allegations that China's increased textile exports have disrupted the market
order of other countries were denied by a spokesman with the China National
Textile Industry Council, the overseas edition of the Beijing-based People's
Daily reported yesterday. Sun Huaibin, the council's spokesman, accused the
United States and European Union of violating the rules of the World Trade
Organization by imposing curbs on China's textile exports. He cited cotton
underclothes as an example. From January to March, China's overall exports of
cotton underclothes grew only 17 percent, he said. But according to US
Customs' statistics, China's exports of cotton underclothes to the US soared 308
percent in the period. Still, the volume accounted for only half of those
imported to the United States from Honduras during the same period. It is,
therefore, not accurate to say that China grabbed other nations' textile market
share, Sun noted. According to Sun, in the first three months, China's
textile export value reached US$22.91 billion, a rise of 18.99 percent over the
same period last year. In the first quarter last year, the year-on-year growth
rate was 24.94 percent.
Xinhua news
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