The Stock Of Cotton Reserves In China Can Be Described As A History.

According to the director general of the cotton and hemp Bureau of the China Federation of supply and marketing cooperatives,

Gao Fang, executive vice president, said that in the three year of 2011~2013, China had collected 6 million 910 thousand tons of cotton and 16 million 430 thousand tons of cotton, and the stock of the reserve cotton store exceeded 11 million tons in 2015. According to the statistics from the US Department of agriculture, China's stock of reserve cotton has reached over 50% of the world's total.

According to statistics from the US Department of agriculture, China's reserve cotton stocks account for more than 50% of the world's total, which is known as "sky inventory".

The factors that result in such a result are manifold.

Over the past few years, the decline in cotton quality and high cotton prices, coupled with the rapid development of the chemical fiber industry, have reduced the use of cotton to varying degrees.

According to Gao Yong analysis, during the "12th Five-Year" period, China's fiber consumption grew by more than 5% per year, almost all of which depend on chemical fibers. And from 2012, the export volume of China's textile and clothing decreased.

The negative growth of cotton products began.

Gao Yong, vice president and Secretary General of China Textile Industry Federation, said that from the world's total fiber consumption situation, about 95 million tons in 2015, of which the proportion of cotton fiber in 2015 and 2011 were lower than that in 2011, and the world cotton consumption in 2015 accounted for less than 30% of the total fiber consumption.

The proportion of fiber consumption in China is even lower than that of 13%, which means that the proportion of cotton consumed in China is only half that of the world.

Gao Yong believes that the decline in cotton quality is also a major factor in the decline in cotton consumption.

"In the past few years, we have focused on increasing production, and we have reduced the requirements of some quality indicators. The cotton fiber has been thicker and the number of 28 millimeters is less and less. However, the demand for fiber in spinning industry is getting higher and higher, and the contradiction between supply and demand is constantly emerging, resulting in a decline in cotton consumption."