Blog: Export plan reopens China subsidies debate
Leonie Barrie | 30 April 2009
China's three-year plan to support the country's textile industry is typically short on details about how, exactly, anything will be implemented. The idea to grow production and exports and even boost domestic consumption might look good on paper, although the reality of course will be much harder to achieve.
But one group will surely be pleased by the proposals: US textile lobbyists. They’ve long been arguing that China over-subsidises its textile firms and urging tough action against the country’s “predatory practices.”
According to calculations by the National Council of Textile Organizations (NCTO), in 2007 China provided 73 subsidies to its textile industry. And as many as two dozen of these were export contingent.
But while the US Treasury department recently refrained from accusing China of illegally manipulating its currency – much to the annoyance of textile trade groups who argue an artificially weak yuan disadvantages US manufacturers – an 8% annual growth in Chinese exports over the next three years boosted by subsidies from Beijing will be much harder to dismiss.
Some of just-style’s more eagle-eyed readers might have noticed a small change to the menu bar on the homepage: the addition of the word re:source. Yes it might be a small change – but it marks the co...
Over the past week just-style has continued to try to unravel the potential ramifications of Donald Trump’s election as the next president of the United States....
One event dominated the international airwaves last week, and on just-style too we took a closer look at the surprise election of Donald Trump as the 45th president of the United States....
As the Brexit roller-coaster continues to twist and turn, and the US presidential election campaign nears its unpredictable and possibly protectionist end, there's no doubt these events – and the perc...
- Steps to piloting living wage in garment factories
- How to ensure sustainability is more than a slogan
- US apparel retailers' November 2016 sales roundup
- Why do modern robotics elude sportswear makers?
- Software for financial planning and operations
- Esquel efficiency drive continues to boost brands
- US Q3 in brief – Oxford Industries, Genesco
- Myanmar garment industry "lacking labour rights"
- Columbia waterproof jacket first made without PFCs
- Adidas NYC flagship raises the bar on sport stores