Home Page
An experienced guide to the world of finance
providing tools and information that help make
best financial decisions
My FinanceGates.com Register
 
Home  | News   |  World News 
SEARCH
  News & Commentary
  News
  Reviews
  Columnist Articles
  RSS News
  Economy
  Economic Charts
  Financial Calendars
  Banking & Loans
  Loan Rates
  Deposit Rates
  Rate Alert
  Banking Top Rating
  Education
  Banking
  Investing
  Stock Brokerage
  Dictionary
  Financial Directory
  Banking
  Funds
  Insurance
  Stock Brokerage
  Billing
  My FinanceGates
  Register
  Sign In



Market News Insurance Billing
Banking Business News World News
Funds Brokerage

Wednesday May 04, 07:40
China’s textile exports to Europe to be stemmed
(by Roy Deng)

 Send link to friend
China’s textile exports to Europe to be stemmed A surge in Chinese textile exports to Europe would be stemmed till July, China said after France claimed the exports harm its economy.

The increase in textile exports will be regulated in a moderate way, according to China’s Trade Minister Bo Xilai. Earlier the European Union said China’s surge in textile exports could harm the EU economy. The global textile import quota expired in January.

Mr. Bo met with his French counterpart Francois Loos last week. «We want to soften the shock wave that could provoke massive exports of Chinese apparel. We are doing what we can to prevent a sharp spike in order to achieve balanced trade,» Bo said.

Mr. Loos said he believed China would take necessary steps to prevent possible disruptions on the market.

China can face formal limits on its clothing exports after the EU executive commission agreed last Thursday to launch an investigation into Chinese exports to Europe in nine categories of clothing. The investigation was widely supported by such EU textile makers as France, Italy, Greece and Spain.

Last year, French exports to China were valued at 7.4 billion euros as compared with imports worth 17.7 billion euros.
All world news
Read the related news and articles:
27 May 2005 07:08 AM US Senators call for tough action on China to press for yuan revaluation
20 May 2005 08:25 AM China’s export tariffs raised on US restrictions
19 May 2005 10:54 AM US puts more pressure on Chinese textile
19 May 2005 09:31 AM Hong Kong announces currency ceiling
19 May 2005 08:14 AM Snow: yuan must grow within few months
 


   KEYWORD SEARCH

KEYWORDS:
   SUBSCRIPTION
Join FinanceGates.com mailing list and get news and financial advices on home finance, auto finance, insurances, funds, online payments and much more.
ABOUT US
PARTNERSHIP
ADVERTISING
LEGAL DISCLAIMER
PRIVACY POLICY
CONTACT US
LINKS
RSS NEWS


Copyright © FinanceGates.com - independent financial advice and personal finance advice, an InternetGates.com company, 2003-2008. All rights reserved.
Finance Gates provides personal finance advice on banking, insurance, investing and billing.
Reading materials of this site you can be sure that you get independent financial advice.