The Marginal Slowdown Of Economic Growth, The Central Bank'S Reserve Ratio Reduction To Protect Entities, And The Rise In Domestic Cotton Prices Is Controllable

According to the latest data from the National Bureau of Statistics, China's GDP growth rate in the second quarter was 7.9% (18.3% in the first quarter and 5.5% in the two years on average). Premier Li Keqiang pointed out at the symposium of economic situation experts and entrepreneurs that it is necessary to coordinate the economic operation in the second half of this year and next year, and strive to keep it within a reasonable range.

The recently implemented RRR reduction measures should focus on supporting small and medium-sized enterprises and labor-intensive industries. In terms of the domestic cotton market, Xinjiang cotton has entered the flowering and bolling period recently, and cotton is growing well. Most cotton enterprises in the spot market quoted higher prices along with the future. Textile enterprises continued to focus on the purchase of rigid demand, and the turnover of reserve cotton was still hot. This week, the listed volume of reserve cotton was 47700 tons, and the turnover rate remained high.

After the rapid rise of cotton price and cotton yarn, the domestic orders of downstream fabrics slowed down, while the orders of export fabrics improved. At present, China and the United States have different policies, and the financial market tends to be cautious. Zheng Mian's trend fluctuated on Friday, so we need to be aware of the impact of external market uncertainty.