Blog: A balanced view?
Leonie Barrie | 24 September 2004
For a balanced view, it’s important to see both sides of a story. China’s position on the abolition of textile and clothing quotas at the end of this year isn’t as well documented as the arguments put forward by the US trade groups and their supporters – but an interview with an official at the Chinese Ministry of Commerce published by the People's Daily, the main Communist Party newspaper, makes for interesting reading.
The anticipated growth in Chinese exports is, according to the official, a side-effect of the return to free trade and likely to be short-lived. In the long term, limited raw material and power supplies along with environmental issues mean this growth can’t be sustained. It’s also pointed out that 80 per cent of the textiles produced in China are sold domestically.
Click on the link below for the full transcript.
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