China Travel & Tourism News
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Textile Exporters Glum Over Tariff
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| 24-May-2005 - China Radio International |
Chinese textile manufacturers are deciding how to cope with the blow of Friday's announcement that China will raise the export tariffs on 74 textile products beginning on June 1.
Industry insiders say that Chinese companies will have to "make sacrifices", during the process. Textile entrepreneurs complain that their profits have been low enough.
To maintain their margins, they will have to raise their export prices. This will reduce their share in key markets. Friday's announcement was made in the wake of a US decision this week to re-impose restrictions on seven kinds of China textile and clothing imports.
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| 24-May-2005 - China Radio International |
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