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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (4928)	5/25/2005 12:18:38 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China's apparel exports slow down PTI[ WEDNESDAY, MAY 25, 2005 05:14:09 PM] Surf 'N' Earn -Sign innow BEIJING: Global textile giant, China on Wednesday said its apparel exports, a major cause of concern for the US and the European governments, has slowed down during January-April this year. "Growth of Chinese apparel exports showed downward turn every month in the first four months of this year," the state-run Xinhua news agency reported, quoting latest Chinese customs figures. In the first four months, China's apparel exports increased 15.6 per cent year-on-year to 19.27 billion US dollars, it said. In the first two months of the year, cloth export registered a growth of 28.1 per cent on yearly basis. The figure further slowed to 15.9 per cent in the first quarter, and 15.6 per cent by the end of April. Industry analysts said the growth is expected to be further slowed down after China's decision to levy hefty taxes on apparel exports effective from June 1. China has announced to raise export tariffs on 74 items of textile products, with a 400 per cent hike for most of them, from June 1 in response to import restrictions imposed by the US and action contemplated by the European Union. The US has decided to re-impose quotas on three types of apparel imports from China, including cotton-knit shirts, cotton trousers, and cotton and man-made fibre underwear. However, the growth in China's foreign trade jumped 34 per cent in the first four months, much higher than the growth rate of apparel exports, customs figures showed. economictimes.indiatimes.com

To: RealMuLan who wrote (4928)	5/25/2005 6:37:13 PM
From: regli	Read Replies (1) \| Respond to of 6370

>>Eventually, China will find it in its own self-interest to de-link its currency from the dollar, not to let float but rather to find another stable anchor for the yuan, such as gold or perhaps a currency board. Finding another stable currency anchor for the yuan not only would eliminate the U.S. government's ability to pressure China into a currency devaluation; it also would free China from importing cyclical waves of dollar deflation and inflation as U.S. monetary authorities continue to make monetary errors of their own by their persistent manipulation of interest rates to determine the value of the dollar.<< Interesting, I am obviously not alone.