Chinese agency indictedAfter a 17-month investigation, a...

BUSINESS DIGEST

October 06, 1992

Chinese agency indicted

After a 17-month investigation, a federal grand jury yesterday indicted a Chinese government agency and its U.S. subsidiary on charges of evading quotas set to protect the U.S. textile and clothing industries. China exports nearly $3.9 billion in textiles to the United States annually.

Accused in the indictment are the China National Textiles Import and Export Corp. of Beijing; China National's U.S. subsidiary, Chinatex America Inc. of New York City; and five individuals, two of whom were in custody.

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