In order to soften international trade friction caused by cheaper Chinese products, Commerce Department announced that low-priced merchandise would be prohibited for exports.
Low price which had been a good for Chinese merchandise export, has brought in its share of troubles for the country.
The competition is more and more acute in China, so price is also increasingly low. Even if it has brought great volume export, it has begun to create international trade friction.
In order to protect profit of Chinese exporters, Commerce Department will investigate impeached enterprises and fine the manufacturers.
Fibre2fashion News Desk - China
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