The American Chamber of Commerce in China has expressed concern over the US government's imposition of import quotas for Chinese textile products. AmCham President Charlie Martin said on Thursday that Washington's move would undermine the interests of US companies in China, and expressed hope that the dispute would be resolved.

The President of AmCham China said that overseas investors have played an extensive role in China's export business, and their output account for 30 to 40 percent of China's total export volume. Martin said China's trade issue is closely related to the benefits of multi-national companies.

Earlier this week, a group of US purchasers went to Hangzhou in the East of China. However, due to the US threat, only 60 percent of the 150 potential buyers arrived, and it's unlikely that they'll fulfill the planned 15 million US dollar contract for each buyer. Martin said this will also hurt US retailers and consumers.

But the AmCham President also expressed optimism over the future of China-US trade. He said China and the United States share common trade interests, and that he believed the two sides could reach a proper solution through consultation.