What Can We Do About The Overall Recession Of Cotton Industry Chain?

The fourth China Cotton elite forum was held in Zhengzhou by the China cotton reserve management corporation and the national cotton market monitoring system and the central cotton storage information center.

The whole conference revolves around the outstanding problems and Countermeasures of China's cotton and cotton textile industry chain.

In this regard, Weng Rufeng, deputy general manager of Zhejiang special products Group Co., Ltd. gave his views and ideas.

Weng always believes that there are two reasons for the overall downturn in the cotton industry chain in 2015: first, the big economic environment is bad, and the two is the contradiction between supply side and demand side.

Affected by the downside of the overall economy, the textile industry is extremely difficult to operate. The main reasons are the downturn in consumption, the sluggish demand for the terminal, the sharp reduction in orders, the serious surplus of production capacity. Two, the cost advantage is not. Besides the high price of basic raw materials, the textile industry's production costs continue to rise, the wage level is much higher than that of the Southeast Asian developing neighbours, and the industry has no advantage in international competition; the three is that the price of the industry is no longer there.

Plagued by the slow return of capital and the tightening of loans to the textile industry by major banks, the risk of capital chain breakage is facing enterprises. The four is the serious homogenization of products and lack of competitiveness.

Weng's overall analysis and Reflection on cotton and cotton textile industry chain from top to bottom, from inside to outside, has been highly endorsed and affirmed by relevant elite leaders and ministries and commissions. At the same time, it is hoped that the proposals of elite cotton companies can be realized at an early date, so that China's cotton and cotton spinning industry can get out of the temporary predicament and meet the bright future.

For the development of cotton and cotton textile industry chain in the future, Weng total quality and efficiency, product diversification, optimize regional layout, create independent brand, and realize according to the 13th Five-Year plan.

Six aspects of green environmental protection and sustainable development, and the reform strategy of the supply side of the country extends itself to cotton.

Suggestions and ideas.

He believes that the cotton and cotton textile industry reform should first start from cotton production, increase the selection and cultivation of fine cotton varieties, plan and scientifically cultivate, improve the level of science and technology, reduce the cost and increase the benefits of cotton planting; secondly, standardize the acquisition of processing enterprises, improve the processing technology and equipment, strictly enforce the regulations of public inspection, strengthen the management of cotton big data, reduce the circulation of commodity circulation, accelerate the construction of trade platform, give full play to the role of circulation enterprises, encourage the acquisition and processing enterprises to go out to participate in international competition; finally, expand the development space of textile areas, speed up the internationalization of industrial layout, accelerate the integration and innovation and development with the Internet, and encourage the textile industry to accelerate the merger and reorganization of enterprises and improve the concentration of industries.