InvestorsHub Logo
Followers 5
Posts 580
Boards Moderated 1
Alias Born 02/13/2005

Re: None

Sunday, 05/22/2005 6:09:42 AM

Sunday, May 22, 2005 6:09:42 AM

Post# of 19546
Quotas on chinese textiles (cotton shirts being one of which with quotas). Chinese have also added export tariffs on 74 textile products. This should allow Veltex to be more competitive with Chinese imports of cotton knit shirts. I believe that fear of China taking market share has been a factor in the low stock price. Perhaps the limits placed on Chinese apparel import growth and export tariffs in China will help lessen these fears.