The Textile Market Is Increasingly Expecting The Second Quarter Of China'S Economy

With the start of the construction of China (Shanghai) Pilot Free Trade Zone, the market is increasingly expecting the "second quarter" of China's economy. The bulk commodities at the forefront of the market are also expected to gain a springboard to connect with the international market by virtue of the free trade zone, get rid of the current downturn and open up a new blue ocean for industry development.

What is the impact of financial restructuring on commodities? What effect will e-commerce and modern logistics innovation have on the development of spot electronic trade in China? On the 7th, at the "First Free Trade Zone and Bulk Commodity Summit Forum (FTC) and 2013 (Fourth) Bulk Commodity Exchange Market Development Forum (CBSE)" held in Shanghai, many experts and scholars discussed the above hot issues. Enter the era of Taobao

From 2002 to 2012, during the "golden decade" of international commodities, the domestic commodity trading market experienced a transition from rapid development to rational development. In the opinion of Huang Yuncheng, a bureau level researcher of the Research Center of China Securities Regulatory Commission, compared with the developed commodity market, the development level and degree of China's commodity market are still relatively low, the top-level design and overall planning are absent, the commodity market system has not really formed, and the internationalization of the commodity market is seriously insufficient, These three problems lead to the loss of pricing power in the bulk commodity market, resulting in the loss of huge wealth in China every year. "Although at present large groups are gradually participating in the establishment of the trading market, and the trading market is also gradually paying attention to the integration with the spot market, the current situation of the domestic trading market shows that the participation of spot enterprises is still insufficient, and the proportion of spot transactions in the trading market is still unsatisfactory." Liu Xintian, chief editor and chief analyst, said. According to the survey, the domestic trading market involving spot transactions only accounts for 30% at present; While the spot delivery rate of exchanges is between 1% and 8%, and only 11% of exchanges have a delivery rate higher than 3%.

Hu Yuyue, a professor, economist and director of the Securities and Futures Research Institute of Beijing Technology and Business University, pointed out that as China moved from a super high growth period to a sub high growth period, the golden age of bulk commodities has ended. With its full access to the buyer's market, bulk commodity trading has entered the era of Taobao. "Due to the scale, intensification, industrialization, marketization and standardization of bulk commodity trading, it is more suitable to adopt electronic trading, thus promoting the large-scale re integration of the logistics industry." Hu Yuyue said, "I think this integration does not need too much incremental input, and through the stock adjustment, it will bring profit growth points. The" non markup "circulation model needs to be innovated

The content of the Overall Plan of China (Shanghai) Pilot Free Trade Zone on "setting up an international platform for bulk commodity trading and resource allocation, and carrying out international trade in energy products, basic industrial raw materials and bulk agricultural products" provides imagination for the future development of bulk commodities.

"The establishment of the Shanghai Free Trade Zone will greatly enhance its entrepot function and logistics function, so as to attract a large number of high-end manufacturing, processing, trade, warehousing and logistics enterprises to settle here. At the same time, Shanghai is expected to become a supply chain hub in the Pan Asian region, and build a world leading bulk commodity trading center, which will provide new opportunities for bulk commodity trade," Liu Xintian said, The Shanghai Free Trade Zone may become a "gateway" and a "shortcut" for China's bulk commodity trade to connect with the world.

In response to the problem of difficult circulation of bulk commodities, Xie Bingzhen, president of the Chinese Academy of Economic Strategy, proposed an innovative "non mark up" circulation model, which is a construction of supply chain sharing credit platform system for bulk commodities. Xie Bingzhen pointed out that in this platform of "no rent, no tax, tax reduction, and information system", the entrants are all regional agents and bulk traders. Assuming 30000 households, holding two or three million of their own funds, through bank credit, it will become hundreds of billions of shared credit. With this shared credit platform, it can be extended to upstream raw materials The suppliers of parts and components will carry out financing, thus greatly improving their international competitiveness.

On the other hand, Liu Xintian pointed out that based on the rich metal mineral resources in the central and western regions or the unique agricultural and special product resources in the region, China's bulk commodity electronic trading market has a trend of more rapid distribution in the central and western regions, the relatively loose local policies and the external desire for the development of local advantageous mineral resources, It also provides space for it to become the main battlefield of bulk commodity electronic trading in the future.