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China factor

first_imgBy Brad HaireUniversity of GeorgiaThe U.S. government said last week it would begin to set limits on how much clothing China could ship into the country. The move was praised by the U.S. textile industry. But the decision may not help U.S. cotton farmers, says a University of Georgia economist.Since the global textile quota system ended Jan. 1, U.S. imports of some Chinese-made clothes like trousers and underwear have increased more than 300 percent. In that time, 16,600 textile workers have lost jobs, and 18 U.S. mills have closed, says the National Council of Textile Organizations.The new quota will allow only a 7.5 percent increase annually for certain Chinese clothing products. The U.S. textile industry believes this will save jobs and bolster the faltering industry.But the reinstated quota has angered Chinese officials. China’s minister of commerce will protest the decision, according to a May 18 report by the official Chinese press agency.Big buyerIt’s unclear how the reimposed quotas will affect U.S. cotton farmers, said Don Shurley, a cotton economist with the UGA Extension Service. But one thing is clear: U.S. cotton farmers need China to buy their cotton.Farmers will be hurt, he said, if China decides not to buy U.S. cotton, either to retaliate against the quotas or if it doesn’t need as much cotton to make clothes.The United States produced 23 million bales of cotton last year. (A bale is about 480 pounds of fiber.) It was a record crop. The nation usually grows 19 million to 20 million bales annually. Of that, 13 million to 14 million bales must be bought by other countries.”We’re not going to get rid of that much cotton without China,” Shurley said.There are fewer U.S. textile mills. In 1997, U.S. mills used 11.3 million bales of U.S.-grown cotton, Shurley said. This year, they’re expected to use 5.8 million bales.China has bought a lot of U.S. cotton in recent years. According to the U.S. Department of Agriculture, the Chinese are expected to buy 8 million bales of foreign cotton this year. The United States typically supplies half of that. China has bought 3 million bales so far this year.China hasn’t threatened to stop buying U.S. cotton. But any cut in the country’s purchase of U.S. cotton will affect prices, Shurley said.The world has a surplus of cotton. Farmers worldwide grew 114 million bales last year. Of that, only 103 million bales were used.”China can get its cotton from other places,” he said.Shrinking industryA healthy U.S. textile industry helps U.S. farmers, too. By creating a demand for their cotton closer to home, they’re less dependent on foreign buyers.”But a small increase in use by the U.S. textile industry won’t immediately help U.S. cotton farmers sell their cotton,” Shurley said.U.S. textile mills have closed for several reasons in recent years, Shurley said. But increased competition by foreign mills and increased imports of finished clothing products have greatly contributed.Cool, wet spring weather kept many Georgia farmers out of their fields and delayed cotton planting, said Steve Brown, a UGA Extension Service cotton agronomist. Warm, dry weather in May, though, has helped them catch up.As of May 15, the Georgia Agricultural Statistics Service reported that only 38 percent of the crop had been planted. Only 19 percent had been planted a week earlier. Half the crop is usually planted by this time.”It’s too early to say how the crop will turn out this year,” Brown said. “A lot can happen between now and harvest.”last_img read more

Champions League round-up: PSG see red twice in Leipzig defeat, Barca and Juve win, Sevilla in epic comeback | Football News

first_imgMorata put the Italians in front after seven minutes and curled in another on the hour.Paulo Dybala tapped in a third with 18 minutes left, before an own goal from Lasha Dvali completed the scoring for the visitors. Franck Boli netted a late consolation.The results in Group G mean Barcelona are top with nine points, Juventus second on six, with Dynamo Kyiv and Ferencvaros trailing on a point apiece.Ten-man Sevilla stage epic comeback Lionel Messi put Ronald Koeman’s men, who are struggling for domestic form, ahead from the penalty spot after just five minutes, having been tripped by Denys Popov. Gerard Pique headed in a second with 65 minutes gone following a corner.Dynamo captain Viktor Tsygankov reduced the deficit with 15 minutes left, knocking in a rebound.Alvaro Morata scored twice as Juventus won 4-1 at Ferencvaros. Cristiano Ronaldo was back in the side following his recovery from coronavirus, which saw the Portugal forward miss the defeat by Barcelona.- Advertisement – Paris Saint-Germain had two men sent off as they were beaten 2-1 by RB Leipzig at the Red Bull Arena in the Champions League on Wednesday night.The French side went ahead through Angel Di Maria after six minutes, but then had a penalty saved. Christopher Nkunku equalised just before half-time, with Emil Forsberg putting the Germans ahead from the penalty spot after 57 minutes.- Advertisement – Barcelona maintained their perfect start in the Champions LeagueImage:Barcelona maintained their perfect start in the Champions League PSG midfielder Idrissa Gueye was sent off for two yellow cards, with defender Presnel Kimpembe also seeing red in stoppage time.The result means Man Utd remain top of Group H, despite losing 2-1 at Istanbul Basaksehir, with PSG in third, three points off the top two qualification places with three games remaining.Barca maintain perfect record, Juve win Barcelona maintained their 100 per cent record in Group G with a 2-1 win over Dynamo Kyiv.- Advertisement – – Advertisement – Erling Haaland starred for DortmundImage:Erling Haaland starred for Dortmund A double from Erling Haaland helped Borussia Dortmund win 3-0 at Club Brugge.Thorgan Hazard set the Germans on their way after 14 minutes, with Haaland soon making it 2-0 and then wrapping things up with another goal after 32 minutes.Earlier, substitute Felipe Caicedo had scored a late equaliser as Lazio drew 1-1 at Zenit St Petersburg.Alexandr Erokhin put the Russians ahead after 32 minutes, which looked to have been enough for a first group-stage win, before Caicedo struck with just eight minutes left.There was more late drama as Andrei Mostovoy saw his strike in stoppage time ruled out for an offside in the build-up.The results in Group F mean Dortmund lead on six points, followed by Lazio on five, Club Brugge on four and Zenit on one. Sevilla also have seven points from three games after coming from 2-0 down to beat Krasnodar despite playing the second half with 10 men.The Russians had raced into a two-goal lead inside 20 minutes through Shapi Suleymanov’s goal and a penalty from Marcus Berg.Ivan Rakitic pulled a goal back just before half-time, with defender Jesus Navas shown a straight red card for a late tackle.The Spaniards, though, turned the match around when Youssef En-Nesyri struck twice in the space of three minutes to win 3-2.Also in Group E, Timo Werner scored twice from the penalty spot as Chelsea beat Rennes 3-0 at Stamford Bridge, meaning Chelsea and Sevilla are in control of the group with seven points each, six ahead of both Krasnodar and Rennes.Haaland gives Dortmund comfortable win Sevilla fought back from 2-0 down for a dramatic victoryImage:Sevilla fought back from 2-0 down for a dramatic victorylast_img read more