China’s bidding process for part of next year’s U.S. export quotas was even more hotly contested by qualified firms than that conducted for E.U. quotas earlier this year.
Around 28,000 qualified businesses are chasing 30% of quotas set aside for public bidding. The remaining quotas will be allocated to exporters based on their past performance. Online bidding for 18% of quotas finished today and an announcement of successful bids is expected today.
In September’s EU quota bidding process, around 3,000 textile companies of the 21,000 qualified bidders were successful and shared 18% of next year’s total allocation.
The re-introduction of textile quotas in EU and U.S. markets has
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| put the brakes on China’s textile export growth in recent months. Exports to the U.S. in some categories have effectively been closed off for almost half the year.
Between September and October this year China’s export of textiles fell by 13.6%. October’s exports reached US$10.35 billion surpassing the US$10 billion mark for the fifth consecutive month, said China’s Ministry of Commerce, but the year-on-year growth has slowed due to quotas and the policy of currency appreciation.
In spite of these difficulties, China's textile exports are expected to register 20% year-on-year growth, topping out around US$115 – 117 billion this year. China’s exports of textiles and clothing to the EU alone in the first nine months of this year leapt by 30%. 
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