But as New Year's Day 2018 is about to usher in, it is not all good news for a rapidly rising country.-()

After several rounds of quarrels, the EU finally reached an agreement. They did not choose to take a step back, but chose to forge ahead. "If Chinese people can force us to bow their heads through trade sanctions, I can't think of how much dignity Europe can still be left in this situation." In the quarrel of entanglement of interests, a meaningful sentence from French Trade Representative Victor Lulaire aroused everyone's contemplation.

When everyone agreed to choose to fight back instead of giving in, there were not many choices left. These gentlemen were not fools. The thing that China cares most was their favorite choice.

Before China lifted restrictions on imports of automobiles and luxury goods in Europe, the EU announced a 100% punitive tariff on China's imports of textiles and toy products imported from Europe. As soon as this measure was introduced, it basically cut off China's hope of exporting textiles and toy products to the EU.

Because even under extremely favorable and low tariff conditions, cheap textiles and toy products exported to the EU can only make meager profits. After such high tariffs, Chinese products can no longer find a place to stand in the EU.

The upcoming Western Christmas and New Year Gold Sales Week have closed the door to Chinese textile and toy manufacturers with this EU measure.

"Minister Fang, the EU has now officially begun to adopt punitive high tariff measures on our textiles and toy products. Now textiles and toy dealers within the EU have called and urged our companies to perform supply contracts according to the original contract prices. However, under the current punitive tariff conditions, enterprises are completely unable to fulfill these contracts. If this situation continues, in a few months, a large-scale bankruptcy trend will occur in the textile industry, which is a fatal blow to our country's textile industry. The Textile Association begs the Ministry of Commerce to resolve this trade dispute through negotiations as soon as possible. (_--)"

Ms. Hu Kaili, Chairman of the Textile Association, and also the owner of Kaili Clothing, a famous domestic textile manufacturer, after receiving the news, she hurriedly came to Fang Donglai, Minister of Commerce.

She had to be anxious. More than half of the company's sales are aimed at the EU market. Although this year is almost over, the Christmas and New Year gold sales week accounts for almost one-sixth of the year's sales. I missed this opportunity. Even if the other dealer does not claim compensation, the company's products cannot be sold this year. This batch of clothing worth about 100 million euros has been customized and produced according to the EU market preferences. If it cannot be sold at this critical moment, wouldn't it become an inventory that no one cares about?

The rate of clothing products being updated according to the quarterly rate, which can not delay even a week. Therefore, the Textile Association's policy attention to various markets around the world is not worse than that of the Ministry of Commerce. Basically, as soon as the news of the EU's announcement of punitive high tariffs on increasing income from Chinese textiles and toy products was announced, all members of the Textile Association immediately held an emergency meeting to negotiate.

This emergency meeting counted the existing contracts for domestic exports to the EU and discussed the impact on the members of the association in the coming year. It soon came to an astonishing conclusion that if measures were not taken as soon as possible, most of the textile companies engaged in export trade to the EU in the entire industry would go bankrupt!

Although the domestic textile industry and toy industry produce products of low grade and the annual profits are quite limited, these two industries are huge in scale and absorb a considerable number of employed people. According to incomplete statistics, there are now about 20 million industrial workers in the industry, and at least one-third of the shipments each year rely on exports, of which the EU accounts for about half of the total export volume. In other words, almost one-sixth of the textile production depends on the EU market!

Toy production and sales enterprises are also labor-intensive, with more than 4 million employees. Eighty percent of the annual output value relies on exports, and about 40% of them are sold to the EU market, which means one-third of the entire industry depends on the EU market to survive. The EU's use of this trick can be said to be the key to China. For China's textile and toy industries, it is simply a slash of resources and is very cruel to take action.

With the fragile capital chain of the domestic textile and toy industry chain, if the EU export companies go bankrupt, it will inevitably involve a large number of upstream and downstream manufacturers. In this way, one-third of the domestic related manufacturers will be engulfed by this trade war and will go bankrupt and close!

Faced with this severe situation that endangers the industry, the association must not sit idly by. So soon they prepared a detailed data report, and the association chairman Ms. Hu Kaili went to relevant national departments to solve the problem, because this matter has completely exceeded the scope of the ability of internal members of the association to solve the problem.

What is the solution for Minister Fang Donglai now? He frowned and said to Hu Kaili: "We can fully understand your feelings. Now the Ministry of Commerce and Trade has sent a delegation headed by Vice Minister Shi Xiaoqiao to the EU for consultation. But this issue is very complicated. Please go back and do a good job in the work of the member units of the association and maintain the stability of production and operation of each unit."

"Minister Fang, now the member units are already in a state of turmoil, and it may be difficult to stabilize." Hu Kaili said to Minister Fang with a bitter smile, "If you don't say anything about other companies, my Kaili Clothing has been forced to stop work now, and now there are more than one billion goods in stock. These are all planned to be sold to the EU. According to the plan and contract regulations, the goods should be shipped one after another from this week, but in this situation, how do you ask me to ship them?"

Fang Donglai silently said that China's textile products originally rely on small profits but quick turnover. The tariffs were raised by 100%. After entering the EU, they were completely uncompetitive in terms of prices. Therefore, in this case, the goods were forcibly shipped, and how they shipped over and they had to be shipped back.

Fang Donglai is in charge of the Ministry of Commerce, how could this situation be unclear?

"Ms. Kaili, frankly, this situation is no longer something that our Ministry of Commerce can solve. Yesterday we reported to the Prime Minister. I believe that the State Council will hold relevant meetings soon. Some meetings may also require the personnel of your Textile Association and Toy Association to participate. Please prepare more materials. At that time, these situations will be explained clearly at the relevant meetings chaired by the State Council so that the national leaders can make the decision." Fang Donglai knew the seriousness of the problem, but at this point, it is indeed not something that he can solve at this level, so he is not afraid of telling Hu Kaili.

Hu Kaili is certainly not a simple person to be in charge of the famous Kaili Group and join the Textile Association. She has already understood the ins and outs of the EU's trade retaliation. In addition to not knowing the promotion of several national-level leaders behind it, Hu Kaili knows that this trade dispute was caused by Oriental Nuclear Power, which in turn promoted domestic restrictions on imports of EU cars and luxury goods, which triggered this trade war.

The textile and toy industry is typically shot while lying down.

From Minister Fang's tone, Hu Kaili heard of Minister Fang Donglai's tendency and was more sympathetic to his own industry. Otherwise, he would not suggest that he and others would have prepared materials to complain at the upcoming meeting of the State Council. Everyone is smart. If they don't know what it means, Hu Kaili will really live in vain.

"Thanks to Minister Fang for his concern. We will try our best to prepare the most detailed materials to report to relevant leaders of the State Council so that leaders can understand the true situation of the textile and toy industries at the first time. Now there are millions of job opportunities for practitioners. Minister Fang is also asked to pay more attention and try to report the situation to the above."
Chapter completed!