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China´s textile industry is one of the world´s largest textile industry

Source: Author:admin 2013-03-18

Market expectations that Beijing will be additional 80 tons of imported cotton quotas, sent to do the export products of the textile mills. Earlier this year, has been awarded a quota of 894,000 tonnes of low tariffs.

The businessman said of a line of international trade, the cotton supply more and more nervous, textile mills needed quota imports of cotton. The world's largest cotton importer national procurement active, and will support the New York cotton prices, cotton merchants and speculators buying cotton prices hit a new high of nearly a year.

Beijing usually not announced the issuance of a number of cotton quotas. Textile mills have to pay customs duties for the import tariff is 4-50% of the international price.

A large international trade row second dealer said, do the exports of textile mills of about 60 tons of new quota.

In order to support the farmers, the Chinese government announced a minimum support price, Since then, the Chinese government has been hoarding cotton stockpiled about 10 million tons of cotton, or 60% of the world's stock. 7 month program will end at the end of March. As of Thursday, the government has been purchasing and storage from the 2012 cotton harvest of 6.37 million tons of cotton, accounting for 93% of the total harvest of 6.84 million tons of cotton.

China's textile industry is one of the world's largest textile industry, China's textile industry accused hoard cotton policy has resulted in the domestic cotton price is much higher than the global price, which forced Beijing to issue more quotas to import low-cost overseas cotton.

Analysts expect the government from April accelerated ChuBeiMian sales coming months China expected sales in the domestic market of 300-400 million tons of cotton reserves. China textile mill cotton consumption month average of 70 million tons.

According to Chinese customs statistics, in January 2013, China's textile and apparel exports of $ 24.7 billion, a year-on-year growth of 14.74%. 11 provincial-level administrative region in the eastern region exported $ 21 billion, a year-on-year growth of 8.16%, accounting for 85%; eight provincial-level administrative region of the central region of the export of $ 1.5 billion, an increase of 40.46 percent year-on-year, accounting for 6.16%; western region 12 provincial administrative regions exports of $ 2.1 billion, a year-on-year growth of 118 percent, 110 percent higher than the increase in the eastern region, accounting for 8.58%, Ningxia and Guizhou, the rapid increase in exports, an increase of up to seven times more. The data suggest that the pace of recent years, China's textile and garment industry to the Midwest in accelerating.