China is likely to adopt a bidding method in allocating the textile quotas for the next year to ensure fair play during the process, according to information from the China Chamber of Commerce for Import and Export of Textiles.

This move was made upon the request of many textile manufacturers in China, and will help better manage exporters' performance, China Daily reported Wednesday.

Currently, China's allocation of textile quotas, particularly from the European Union (EU), was based on textile dealers' shipments in the previous year.

According to this method, a number of textile companies got only small figures, even several items or kilograms, and were not able to conduct exports at all. Many enterprises complained about the resource waste from such an allocation method.

A conference among major domestic textile exporters was held Tuesday to discuss whether to adopt a new method for the country's textile exports. "We hope all the quotas for the next year will be allocated through a bidding process, because it is fair and scientific," an official with a Beijing-based textile producer told China Daily.

She added that enterprises hoped the final government decision would be published as soon as possible, so as to rule out the uncertainties for exporters, and enable them to sign contracts for next year with foreign buyers in October.

However, a source from the chamber said the government was likely to adopt this method on 30 to 40 percent of the quotas and leave others allocated in the original way.

The current quota allocation was governed by provisional management measures took effect on July 20, before which most textile manufacturers endeavored to export as much as possible, resulting in the stockpiled Chinese textiles at EU ports.

Source: Xinhua