Government has been forced to take strict actions as many firms were found to have wasted their textile export quota this year.
In order to avoid worse situation, Government introduced a new 'Textile Export Administration Measures' scheme, which was implemented from September 18, 2006.
New policy specifically states that the textile units, with over 30 percent of textile export quota will suffer double deduction from next year's quotas.
In addition, textile export quota is permitted to transfer and companies may directly sell their textile export quota in the markets.
Analysts believe that this scheme would increase the utility rate of textile export quota and also cut-down quota transactions in black market.
Fibre2fashion, News Desk - China
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