There are many levels to the China safeguard controversy, and a tremendous amount at stake for those on all sides of the issue.

There are many levels to the China safeguard controversy, and a tremendous amount at stake for those on all sides of the issue.

"We hope something is done to protect jobs domestically, but we don't want to build a business strategy around a political decision," says International Textile Group's CEO Wilbur Ross, who is hedging his bets with offshore expansion. For instance, ITG and joint venture partner China Ting will operate 25 Burlington House stores in China.