China has its 2001 passive quota allocation plan for self-run textile enterprises submitted to the Ministry of Foreign Trade and Economic Cooperation for examination, which will be officially made known by the end of the year.
When speaking about mapping out of the plan, the State Textile Industry Bureau mainly took the following points into account. First, key self-run enterprises will continue to be given the limelight, especially those going in for intensive processing, claiming an export amount worth over US$ 10 million.
Second, higher qualifier demand is to be set on gauze producers due to a big gap found in quota supply and demand.
Third, restraints on central and western enterprises would be appropriately lifted to encourage west development.
Fourth, an appropriate number of new competitors will be additionally included in the allocation list to see to it that more enterprises be helped in a good stead to take part in international market competition.
Fifth, lower standards must be had separately to help producers develop medium and small commodity exports.
(People's Daily 11/30/2000)
