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China's NDRC surveys cotton situation in Hubei & Jiangsu
05
Sep '13
China’s National Development and Reform Commission, the Ministry of Commerce and other relevant departments recently formed ‘Gongxiaozongshe’ research group for surveying cotton situation at various places. The group visited Hubei, Jiangsu and other places to carry out research on cotton industry.
 
In Hubei province, the group discussed the implementation of the new year temporary cotton storage policy, security of cotton supply, and improving regulations and other aspects of the cotton market with various stakeholders.
 
The Hubei Province Textile Association presented a special report on textile production and export situation in the second half of 2013. The association said it wants the Government to vigorously promote the textile industry, and further support the textile enterprises to upgrade their projects by providing financial subsidies and incentives to improve the proportion of cotton import quotas.
 
Representatives of textile enterprises said banks should give financial support to effectively solve the widespread financing difficulties of textile enterprises.
 
In Jiangsu, the group met Sheyang County Cotton Association chairman Zhuke Rong, who said that cotton acreage has declined by 13.8 percent in Sheyang.
 
He said that textile enterprises have lost competitiveness in the international market due to the wide difference in prices of domestic and international cotton.
 
In addition, labour shortages, rising costs, and heavy taxes have increased financial difficulties of enterprises engaged in textile production.
 
He added that the difficulty in obtaining loans is restricting the normal production and business activities of enterprises.
 
He said the member enterprises of the association are taking effective measures to tide over the crisis, through the adjustment of product structure, technology upgrading and other measures to improve labor productivity and reduce the costs.
 
From January to July 2013, the members of the association earned revenue of 530 million yuan, same as the amount earned during the same period last year.
 

Fibre2fashion News Desk - India


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