Yet once the globalquota system for textiles is removed in 2005, rich countries may resort to trade-remedy rules to protect themselves from increases in textile imports from poor countries.
There will also be more pressure for safeguards in the months ahead, especially when the quota system that has long ruled global textile trade is eliminated at the end of this year.
In January, the central government would set an annual quota for bank loans and the money went out of the door, says Jing Ulrich, chairman of global markets in China for JPMorgan.