End of FIFA World Cup 2006 marks Italy as victorious but textile and clothing industry of China have lost much.
Because of its textile quota policy, industry loses lots of exports orders, which diverted to India and other neighbouring countries.
According to the current textile quota policy, only 30 percent of quota can be purchased openly.
Another important reason is instability in price, which makes mid and small enterprisers not to accept orders.
Now, Government of China plans to change its textile policy following many opinions from experts and enterprisers.
This new textile quota policy emphasises circulation of entire quota in the market.
Because of its textile quota policy, industry loses lots of exports orders, which diverted to India and other neighbouring countries.
According to the current textile quota policy, only 30 percent of quota can be purchased openly.
Another important reason is instability in price, which makes mid and small enterprisers not to accept orders.
Now, Government of China plans to change its textile policy following many opinions from experts and enterprisers.
This new textile quota policy emphasises circulation of entire quota in the market.
