China's cotton industry under the economic downturn and weak consumption

2018-08-28

China Cotton Institute (full name of the Cotton Research Institute of the Chinese Academy of Agricultural Sciences) published an article on the 10th that China's cotton textile industry will be in a low-level operation in the next few years, and cotton consumption growth has slowed sharply. Under this background, the contradiction of insufficient domestic raw cotton production has also been greatly eased. The global cotton supply will continue to exceed demand, and cotton prices in the international market will also decline. China's cotton industry can not only be independent, but also immersed itself in it. The current industry faces a series of thorny problems that have surfaced, and it is urgent to find a coping strategy and feasible solutions.

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