Home / Business / Textile Tools: Save | Print | E-mail | Most Read | Comment
Cotton imports to fall as textile industry stagnates
Adjust font size:

China will import a smaller quantity of cotton during the sector's fiscal year 2007, which ends in August, an industry official said on Wednesday.

Cotton imports will fall because the stagnant textile industry needs less yarn, Shi Jianwei, vice president of the China Cotton Association, told a symposium on the development of the cotton industry. The event was held in conjunction with an international cotton trade fair here in the eastern province of Zhejiang.

Shi estimated fiscal 2007 cotton imports at 2.6 million tons, which would fall below the anticipated amount of 2.8 million tons.

He also estimated that China used 6 million tons of cotton, including 1.32 million tons of imports, to produce 11.85 million tons of yarn from September through March, up 11.5 percent from the previous comparable period.

According to the National Bureau of Statistics, China grew 5.59million hectares of cotton and harvested 7.6 million tons of the fiber in the 2007 fiscal year.

Shi predicted there would be a slight increase in the sown area of cotton for fiscal 2008 but cotton output would remain at the production level of fiscal 2007.

China imported a record amount of 4.11 million tons of cotton in fiscal 2005 but only 2.28 million tons in 2006.

India overtook the United States as China's largest cotton supplier in fiscal 2007.

(Xinhua News Agency May 9, 2008)

Tools: Save | Print | E-mail | Most Read
Pet Name
China Archives
Related >>
- Half cotton textile firms want to quit
- Less cotton imported at higher cost in Jan-Nov. 2007
- Cotton yield hits record high in 2007
- China's cotton imports down substantially in first 10 months
Most Viewed >>
- Shanghai to unveil giant jet company
- Gov't takes bite out of Pringles, bans US imports
- A380 to fly to Beijing ahead of Olympics
- Computer server missing at HSBC Hong Kong
- Microsoft to build US$280m R&D center in Beijing
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?