China's total overseas trade is forecast to reach US$1.1 trillion in 2004, up by 30% on 2003, yielding a surplus of US$10 billion, according to Assistant Minister of Commerce Yi Xiaozhun. But Yi told an export promotion conference potential friction would likely arise in textiles. Both the US and EU have urged China to put the brakes on its textile industry, worried about the impact on their own producers with the removal of quotas.
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