Shanghai Daily news

A leading Chinese textile export chamber has proposed that domestic manufacturers self-regulate export prices and volume on an expected surge in Chinese textile products in the world following the abolition of a global quota on January 1.
The China Chamber of Commerce for Import and Export of Textiles made a four-point proposal last week calling on its 70,000-plus members to drop a price war to avoid disorder on the global market and trade rows from importing countries.
The chamber will set up an export coordination panel to regulate the exports of some sensitive products, said Wang Yu, a chamber official.
The panel to be formed by exporters will adjust and control the export volume of some specific products to ensure that exports grow moderately, he said.
The chamber will establish an industry entry standard for the products that are easily prone to incur anti-dumping charges.
A price coordination system has also been proposed. The system will set up a lowest price limit for the sensitive products.
A monitoring and early warning system is planned to help in the orderly exports of Chinese textile products.
"We've noticed that exports of some textile products have been growing rapidly since this year," Wang said.
He said the proposal is being discussed by its members before a final version is formed.
"The lowest export price limit is the most practical proposal. My company and some other textile exporters in Shanghai have reached a consensus on it," said Jiang Haiyan, an official with Shanghai Three Gun Export and Import Co Ltd.
She admitted that it's a tough job to self-regulate the whole industry because it involves benefits.
The proposal follows China's latest move to tax six categories of textile exports for three years at an average rate of 1.3 percent following pressure from the United States and Europe which fear a glut of made-in-China textiles on the world markets.