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October 27, 2005
UN Douses Fears of Chinese Textile Flood
Despite fears that a flood of Chinese textiles would overwhelm the market, there has been little evidence so far that Chinese exports are crowding out other countries.
Job losses resulting from the lifting of global trade quotas on China have been far less than anticipated, according to a U.N. report out Wednesday. Although the value of China’s exports has risen some 20% since the quotas were lifted Jan.1, other countries have also managed to boost their shares and stay in the game, the U.N. said.
Posted by Blacks on October 27, 2005 04:56 PM
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