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China'S Cotton Market Is Very Important To The Global Market.
Dai Qiang Xing, President of the China Cotton Association, said in Qingdao 20, that the average annual cotton output in China accounted for 23% of global output from 2014 to 2018. China's position in the world's cotton production, consumption and trade is very important. In terms of the cotton market, China has stabilized the global market and stabilized.
Dai Gong Xing made the above remarks at the 2019 China International Cotton Conference opened on the same day. The conference was co sponsored by the China Cotton Association and the national cotton trading market. It has been held every two years since 1999. This year is the eleventh session. The theme of this session is: "open and innovative cotton industry, win-win cooperation in the world".
Dai pointed out that the main contradiction in the world's cotton market in the past few years was excessive inventory. In recent years, China has continuously put a large amount of reserve cotton into the market, which has effectively promoted the balance of the global cotton market. At present, the global cotton inventory consumption ratio has dropped to a relatively low level of 60%. As world cotton Spin China's market affects the world, and the world market is still optimistic about China.
Luo Lin, deputy director of the board of directors of the China national supply and marketing cooperative society, said that after decades of unremitting efforts, especially with the accelerated development of reform and opening up in the past 40 years, China's cotton industry has achieved leaping progress and is already enough to meet the higher consumption demand of clothing in a well-off society. China's textile industry has not only solved the major problem of "dress", but also has been closely linked with the world. China's textile and clothing exports account for more than 1/3 of the world. This achievement has benefited China and the world.
Since China's accession to WTO, China's textile industry has entered a fast track, and its textile and clothing exports jumped from 2 billion 150 million US dollars in 1978 to US $276 billion 700 million in 2018. Dai Gongxing said that in the past 40 years, China's cotton production, import volume and demand have increased substantially, driven by textile demand. China's cotton and textile giants have benefited from the development of economic globalization.
According to the China Cotton Association data, the world's major cotton exporters, the United States, Australia, Brazil and India, account for 16%, 54%, 15% and 18% of their total exports, respectively, and their share is on the rise.
From the perspective of China's cotton industry, we have implemented a series of reform measures in recent five years, including Xinjiang's cotton target price, cotton reserve rotation policy, and the reform of the quota system for the import of cotton, and so on, and the cotton market has remained relatively stable.
"We believe that the situation of China's cotton industry should be analyzed rationally and objectively." Dai said: first of all, China is both a "world factory" and "a world market". Secondly, China's textile and garment industry has accelerated its spanformation and upgrading, and has enhanced its independent innovation capability. In addition, under the guidance of the policy of opening wider to the outside world and the "one belt and one road" initiative, China's textile industry has continuously opened up new markets.
At the meeting, some experts said that China's cotton industry and textile industry should take an active part in the global value chain remodeling and integrate green development and sustainable development into upgrading their raw materials. brand At the same time, channel and other resource control capabilities will drive economic and social development of investment countries and regions, and promote the development of cotton industry chain to fairer, more efficient and higher level.
Dai Gong Xing made the above remarks at the 2019 China International Cotton Conference opened on the same day. The conference was co sponsored by the China Cotton Association and the national cotton trading market. It has been held every two years since 1999. This year is the eleventh session. The theme of this session is: "open and innovative cotton industry, win-win cooperation in the world".
Dai pointed out that the main contradiction in the world's cotton market in the past few years was excessive inventory. In recent years, China has continuously put a large amount of reserve cotton into the market, which has effectively promoted the balance of the global cotton market. At present, the global cotton inventory consumption ratio has dropped to a relatively low level of 60%. As world cotton Spin China's market affects the world, and the world market is still optimistic about China.
Luo Lin, deputy director of the board of directors of the China national supply and marketing cooperative society, said that after decades of unremitting efforts, especially with the accelerated development of reform and opening up in the past 40 years, China's cotton industry has achieved leaping progress and is already enough to meet the higher consumption demand of clothing in a well-off society. China's textile industry has not only solved the major problem of "dress", but also has been closely linked with the world. China's textile and clothing exports account for more than 1/3 of the world. This achievement has benefited China and the world.
Since China's accession to WTO, China's textile industry has entered a fast track, and its textile and clothing exports jumped from 2 billion 150 million US dollars in 1978 to US $276 billion 700 million in 2018. Dai Gongxing said that in the past 40 years, China's cotton production, import volume and demand have increased substantially, driven by textile demand. China's cotton and textile giants have benefited from the development of economic globalization.
According to the China Cotton Association data, the world's major cotton exporters, the United States, Australia, Brazil and India, account for 16%, 54%, 15% and 18% of their total exports, respectively, and their share is on the rise.
From the perspective of China's cotton industry, we have implemented a series of reform measures in recent five years, including Xinjiang's cotton target price, cotton reserve rotation policy, and the reform of the quota system for the import of cotton, and so on, and the cotton market has remained relatively stable.
"We believe that the situation of China's cotton industry should be analyzed rationally and objectively." Dai said: first of all, China is both a "world factory" and "a world market". Secondly, China's textile and garment industry has accelerated its spanformation and upgrading, and has enhanced its independent innovation capability. In addition, under the guidance of the policy of opening wider to the outside world and the "one belt and one road" initiative, China's textile industry has continuously opened up new markets.
At the meeting, some experts said that China's cotton industry and textile industry should take an active part in the global value chain remodeling and integrate green development and sustainable development into upgrading their raw materials. brand At the same time, channel and other resource control capabilities will drive economic and social development of investment countries and regions, and promote the development of cotton industry chain to fairer, more efficient and higher level.
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