Financial Times FT.com

Facing facts on China trade

By Guy de Jonquières

Published: April 18 2005 20:25 | Last updated: April 18 2005 20:25

In the gathering storm in Washington over "unfair" trading by China, there is no more sensitive lightning rod than textiles and clothing - and no US industry is more persistent in demanding government action to stem a flood of Chinese exports.

Listen to the industry and you would think the end of the world had arrived. Since the elaborate global quotas that long restricted trade in textiles were abolished in January, US producers have squealed that overwhelming Chinese competition is devastating their already struggling businesses.

Guy de Jonquieres

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