China'S New Cotton Is Coming Up In Large Quantities.

　　 [important news]

Administrative measures for central finance to close subsidy funds for small textile enterprises

Introduction: according to the actual work of this year, the plan for closing the small enterprises in 2010 will be formulated and issued separately. The departments in charge of finance, industry and information at various levels should jointly submit the application for the 2010 central financial closure of small enterprises subsidy funds by October 15, 2010.

Comments: the key points of support for the subsidy funds in the next two years are: focusing on promoting energy conservation and emission reduction, eliminating backward production capacity and safety risks, we should focus on closing small businesses such as small smelting, small chemical industry, small building materials, small paper making, small leather making, small printing and dyeing, and small brewing. In the future, energy conservation and emission reduction will be called normal and further increase the elimination of backward production capacity.

　　 RMB versus US dollar exchange rate Still dancing at the tip of the spinning enterprise.

Introduction: the ninth consecutive trading days have risen, and the eighth consecutive day has reached a record high. The central parity of RMB against the US dollar continues to "go wild". In September 22nd, the central parity of RMB against the US dollar surged 113 basis points again, reporting 6.6997, breaking through the 6.7 pass in one fell swoop and entering the "6.6" era.

Comment: the foreign trade enterprises dancing on the tip of the knife have no time to pay attention to the wonderful exchange rate war between China and the United States. They are busy with how to avoid the risk of RMB exchange rate. What is commonly used is: postponing delivery orders and raising prices.

　　 China's textile industry is wandering on the line of life and death.

Introduction: for the current situation facing the textile industry, many people in the industry believe that the textile industry will fall into a large area of production reduction or shutdown. Wang Wei, deputy director of the consumer goods industry department of the Ministry of industry and information technology, bluntly said that the textile industry has been in trouble again.

Commented: the textile industry has been an important pillar industry of China's economy. The annual export volume accounts for 1/5 of the total foreign exchange earnings earned by China's merchandise exports, and the total employment population exceeds about 20000000. Most of them are migrant workers, and are considered to be related to the national economy and the people's livelihood. {page_break}

　　 [international perspectives]

Gu Haar: Pakistan textile industry has internal strength.

Introduction: the new president of the all Pakistan Textile Mills Association (APTMA), central Hau al jarzi, asked the US government to provide market access to Pakistan and to keep in line with the European Union. This is because Pakistan urgently needs new jobs to overcome the serious impact of floods.

Comment: in the past few years, Pakistan's exports have stagnated, and the recent trade concessions from the EU will boost Pakistan's exports. It is estimated that after having the EU's market access mechanism, Pakistan's exports to the EU can reach US $2 billion per year.

　　 [special attention]:

domestic New cotton There is no need to panic when large volume enterprises are going to be listed.

Introduction: in view of the current situation of the sharp rise in cotton prices, in September 18th, the China Cotton Textile Industry Association convened more than 20 leading enterprises in the industry and the relevant leaders of the national development and Reform Commission and the Ministry of industry and Commerce held a discussion on cotton issue in Beijing.

Comment: by the influence of climate and natural disasters, the cotton output this year will probably decrease slightly compared with the previous year, and the quality of cotton will also decrease. At present, the textile industry is better than the off-season in July and August. The demand for the new year will continue to increase, and there is still a big gap between supply and demand.