Chinese Government announced public bidding for the third export quota of textile and clothing, which is expected to be priced at lower levels this time.

This bidding is going to be different compared to the earlier ones as it will have an agreement to control the quota prices and the enterprises with the lowest quota price will get the quota.

With the announcement of the quota, most of the textiles clothing enterprises have started preparing for the bid.

Ningbo city, which is a home for around 600,000 workers employed in the textile sector, is expected to benefit from the latest round of quotas since the exporters of this province have lowered bidding prices.