The Chinese Commerce Department recently announced the inspection result for 1,528 Chinese textile export enterprises that were qualified to participate in the agreement bid of 2008 textile export quota to America.
Of the total, the export performance of nearly 1,400 enterprises has been cancelled. In other words, these export companies will have to buy the 2008 textile export quota to America. Inspection results clearly reflect that the major problem faced by most of the enterprises lies in the export performances.
Chinese textile export quota to America will last for only a year and the Government has therefore decided to crack down the procurement of export quota by showing fake export performances.
Fibre2fashion News Desk-China
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