Hubei Cotton Association Held The Situation Analysis Meeting

27-28 April 2011,

Tu Tongkun, executive vice president of Hubei Cotton Association, presided over the meeting. He indicated that the meeting was aimed at gathering the famous cotton related enterprises in the province, and in-depth study of how Hubei cotton industry should adapt to the national plan for 12th Five-Year, change the mode of economic development, and adjust and optimize the macro-economic situation such as economic structure.

He urged that we should enhance the sense of opportunity, meet the challenge of industrial pfer and upgrading, and at the same time enhance the sense of hardship and seize the heights of industrial competition and cooperation.

He suggested that the cotton association take the lead and join hands with all sectors of the industry to create a platform for industrial exchange, cooperation and deliberation, and gradually form a unique normal operation mechanism. We should go all out to promote the development of Hubei's cotton brand building, the cultivation of core competitiveness, the growth of talents, the optimization of industrial resources, the pformation and upgrading of industries, and the development of enterprise management and management. In order to meet the needs of the real operation of enterprises and the sustainable development of the future, we should work together to enhance the dominant position of Hubei's cotton industry chain.

He put forward eight questions for reference to participants.

The conference is composed of three parts: industry discussion, situation analysis and business communication.

Zhang Yongjun, deputy director of the research center of China International Economic Exchange Center, conducted a comprehensive analysis and interpretation of China's macro-economy and policies in the year of the opening of 12th Five-Year. He analyzed the main factors that affected China's economic development from the current macroeconomic situation in China, the constraints of economic development during the 12th Five-Year period, the world economic outlook in 2011, and the economic development and policy orientation in 2011.

Li Lin, Deputy Secretary General of China Cotton Association, reported the situation of China's cotton industry.

Xiao Danlai, Deputy Secretary General of the Hubei Textile Industry Association Secretariat, briefed on the economic performance of Hubei's textile industry in the first quarter of 2011.

Yang Baofu, assistant general manager of the national cotton trading market, analyzed the main reasons for the sudden rise and fall of cotton prices in 2010, and analyzed the trend of the latter market.

Li Xiaojian, deputy general manager of the Reserve Department of China Central Cotton Storage Corporation, explained the plan for the temporary storage and purchase of cotton in 2011, and introduced the background and purpose of the temporary purchase and storage policy.

Huang Junfei, an analyst at Futures Company of the Yangtze River and vice general manager of Urumqi Business Department of Wanda futures, Wang Yuansu, respectively made the keynote speech of "textile enterprises and cotton futures" and "how to understand and use futures market" by textile enterprises. Yan Feng, deputy general manager of Hubei Yinfeng Limited by Share Ltd, introduced Yinfeng group's specific practice of participating in hedging in recent years to achieve stable production and operation.

Finally, Wang Huaigui, Secretary of the national cotton trading market, director of the board of supervisors of Hubei supply and Marketing Corporation, and Zhang Weiping, President of Hubei Cotton Association, delivered an important speech.

Secretary Wang Huaigui held that the meeting was refreshing and inspiring. It was highly enlightening and highly appraised that the theme of the meeting selected by the association was very pertinent. It accords with the reality of industrial development and the needs of enterprise management and management. The eight problems put forward by Chairman Tu reflect the broad vision of the Association's work, new ideas and advanced methods.

Judging from the meeting, the association has strong organizational strength and cohesive force.

At the same time, it is worth studying and drawing lessons from Yinfeng group's operation mode of developing cotton professional cooperative with futures market.

Director Zhang Weiping stressed that the experts provided a lot of information. After the meeting, we should carefully digest and seriously understand the five major issues that deserve special attention by cotton enterprises. We also put forward some suggestions: first, Hubei's high commodity cotton stocks are high, although they are reflected in the inventory, but it reflects the Hubei cotton merchants' management and business mentality. The high inventory may be related to quality, reluctant sale, cost and so on. Two, the textile enterprises in Hubei are below the national level, indicating that our province's textile technology is low and the added value is not high. Three, it is suggested that the cotton enterprises in Hubei should abstain from impetuous gas and stick to business ethics in an indifferent state of mind, and constantly revise and improve the business models.

After the meeting, the delegates thought that the harvest was very large, and invited experts and scholars to come to the home to talk face-to-face, so as to have a more sober understanding and systematic understanding of the cotton industry pattern, market situation and trend, as well as the national macro-economic policy and situation. We hope that the platform established by Hubei Cotton Association will form a perennial operational mechanism, so that the cotton enterprises in the province will have the opportunity to jointly discuss the development plan of Hubei cotton industry and jointly promote the development and innovation of Hubei's industry.