China tightens textile controls
10 July 2006
The Ministry of Commerce plans to revise rules on textile export quotas in a fresh push to prevent quota speculation and streamline the market following last year's disputes with the US and Europe, state media reported. A number of problems have been reported with the Provisional Management Method for Textile Exports approved by the ministry in July 2005. Some companies boosted profits by speculating with their quotas while others left theirs untouched. The ministry is currently looking for input from industrial associations and textile companies. No timeline was offered for the revised rules.
Bookmark and Share:
Other Categories
Other news from 10 July 2006
Related Articles
- China allows foreign workers to help with quake effort
- New securities rules could expose trading scandals
- China won't confirm new Hainan nuclear sub base
- AmCham: Rising costs driving some manufacturers from China
- Zimbabwe-bound arms shipment recalled
To receive the best China business news that the market has to offer,
subscribe to the China Economic Review.
subscribe to the China Economic Review.