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Flood of Textile Exports Will Slow Down, says Chinese Official 

Bo Xilai
China's trade minister says his country is taking steps to slow the flood of textile exports to France and other nations.

Bo Xilai spoke Tuesday in Paris, after a meeting with his French counterpart. Mr. Bo said he expects growth in clothing exports to moderate over the next few months.

Quotas that once limited Chinese exports expired at the end of last year, and inexpensive clothing has since flooded European and other markets.

EU officials are worried that clothing exported from China is so cheap that buyers will ignore offerings from European factories, putting them out of business. That could cost thousands of jobs. The EU has started administrative and legal processes that might, eventually, lead to renewed limits on imports from China.

Some information for this report provided by AP, AFP, Reuters and Bloomberg.