China’s textile exports will no longer be subject to quota restrictions

January 1, 2009, China’s textile exports will no longer be subject to quota restrictions. 13, the last group of U.S. textile quotas announced from time to set aside only one and a half months. According to the tender announcement, a total of 3757 companies have qualified to bid agreement, in which Guangdong, Zhejiang, Jiangsu, Shanghai, Shandong, Fujian provinces and municipalities 6 respectively 1584,628,436,295,154,125, the total number of enterprises are eligible to tender The 85.76 percent. However, preliminary results of the successful bidder, the actual winning only 942 enterprises, the enterprises eligible to tender possession of 25%, of which Guangdong, Zhejiang, Jiangsu, Shanghai, Heilongjiang and Shandong provinces and municipalities 6 respectively 402,166,124,82,29,24 , The total number of enterprises are eligible to tender for 87.79 percent.

In addition, the tender agreement in the seven major categories, belonging to the popular market of 340/640 (men’s woven shirts) and 347/348 (cotton trousers for men and women and boys and girls, slacks, shorts outside), 638/639 (Man-made fibers of men and women, boys and girls, knit shirts) winning more than 45%, indicating the current market for these types of product demand remains high. The successful tender agreement by the sharp decline in business, showing that the U.S. loan crisis triggered by the time the economic downturn affected the United States on Chinese textile products decreased demand.