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Textile Industry: Stimulus Plan Laid out as It Suffers
Authors:Li Zhen
Abstract:China's commerce ministry has said textile export growth is poised to slow down further this year and indicated that it does not plan to go back to the quota system in textile trade. The growth rate in China's textile exports will continue decreasing this year and there will be no "big increases" in exports to the US and the EU markets although quota restrictions on exports to the two markets have been eliminated from the beginning of this year,the ministry said in a statement on its website.
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