Small Business Resources, Business Advice and Forms from AllBusiness.com

Cries and Hopes Against China Join in Chorus

By Anonymous
Publication: Asian Textile Business
Date: Thursday, June 1 2006

A spokesperson for a textile firm in South Carolina, U.S. with a history of 100 years says, "An extraordinary pace of increasing shares of Chinese-made products is abnormal. We must stop China's exchange manipulation that twists the conditions of competition."

This company spokesperson adds,

"Trade should bring benefits to both trading partners. I want President Bush to convey this to China's President Hu Jintao accurately."

At the South Carolina Textile Manufacturers Association, a spokesperson also says, "China is not moving on the same rails as other countries. Nevertheless, the U.S. government is weak-kneed against China."

In South Carolina, there is a US senator who has co-sponsored a sanction bill against China to impose high tariffs on Chinesemade products.

In the meantime, South Carolina has a face different from that of a victim of China's emerging textiles.

Previously, Charleston Port in South Carolina was primarily involved in trade with Europe; however, China became its largest trade partner for the first time last year. An executive at the South Carolina Port Authority says, "Increasing trade with China is linked directly with the expansion of regional employment in distribution, transportation and construction."

South Carolina amid loud cries and hopes against China also depicts the whole U.S. industry in microcosm.

In addition, make sure to read these articles:

How to Keep the Restaurant in the Family
Host Hattie Bryant of Small Business School interviews Wing Lam, Ed Lee, and Steve Karfaridis of Wahoo's Fish Taco restaurant in Costa Mesa, California.