Cao Xinyu Quotations

MOFCOM held a conference on Tuesday among major domestic textile exporters, listening to the obstacles they encountered in textile trade with the United States as well as suggestions and demands for future trade.

Only 29 million US dollars was bargained on the first trading day, decreasing by 33.17 percent from the previous one,

China's exports to Europe and the United States are expected to keep increasing at around 15 percent, but exports to Japan will only grow at 5percent or so.

China and the US should reach an agreement as soon as possible.

We hope they can raise the quota. The main question is how much the increase in the quota would be if both sides agree to increase it.

Though the prospect of Sino-US textile trade remains unclear, there is no evidence that these businesses will stop expanding production.

There is increased likelihood that China and the United States can make substantial progress or even sign an agreement during the fourth round of talks,

The move would ensure fair play among Chinese exporters, help better manage their performance, and optimize the use of export quotas.

They hope an agreement will make the situation clear, so as to create a steady development environment for the Sino-US textile trade.

Chinese textile firms hope the two countries will strike deal soon because Chinese businesses have been much disturbed by the US restrictive trade policies over the past year,