Xinhua First Held The First China Cotton Spinning And Chemical Fiber Industry Forum With The Xiaoshan District Government.

In 2014, cotton direct subsidy reform started gradually in China.

In September 26th, in order to meet the full coming tide of China's cotton marketization and grasp the development trend of the industry and explore the direction of the development of the industry, the Xinhua Zhejiang Commodity Trading Center Co sponsored the first China cotton textile and chemical fiber industry summit forum with the theme of "expanding horizons, grasping opportunities, promoting exchanges and cooperation and win-win" with the important cotton spinning and chemical fiber industrial base of Hangzhou, Xiaoshan district.

Gao Yong, vice president of the Federation of China textile industry, Zhu Guoxian, vice president of Sinopec Zhejiang Chemical Industry Co., Ltd., Zhang Guoming, deputy director general of Sinopec Chemical Sales Co., Ltd., Zhu Hengfu, deputy director of the Zhejiang provincial SASAC, Li Jincai, director of China Textile Construction Planning Institute, Wang Qingcui, Secretary General of China Textile Industry Association, deputy director of the textile industry service bureau of the State Council, the deputy director of the Zhejiang provincial branch of ICBC, LAN Jianping, deputy director of the Zhejiang Provincial Institute of industrial economics, Zeng Ming, director of the non banking market of the Finance Office of Zhejiang Province, general manager of the Xinhua non Zhejiang commodity trading center, executive chairman of the Provincial Federation of exchanges and so on, and attended the meeting. Zhejiang Stock Exchange Union

This forum considers the government,

To build a smooth exchange and communication platform for enterprises as a breakthrough, and promote the realization of "information exchange and sharing" by various parties, has played a positive role in helping enterprises to see clearly the situation, seize opportunities, clarify ideas and plan well, and has been recognized by more than 300 upstream and downstream enterprises in the cotton industry and textile and chemical fiber industry chain.

At this forum, we also held the ceremony of launching new varieties of cotton and yarn.

The above varieties are jointly developed by Xinhua Group and China Industrial Development Corporation, which belongs to the State Council's textile Administration Service Bureau of the State Council.

Along with the product on-line, we will synchronously launch "Xinhua China Big Market B2B e-commerce platform".

The platform is formally launched, and it aims to build a textile gathering center, providing enterprise product display, enterprise publicity, commodity trading, information consulting service, optimizing enterprise purchase and sale management, realizing resource complementarity and synergy application under line and line. At the same time, the platform will rely on a wide range of industry experts resources, such as China Cotton Textile Industry Association and China Textile Construction Planning Institute, to provide enterprises with comprehensive value-added services such as development planning, technical cooperation, production management consulting and financial services.

In forum

The president made a closing speech.

He hoped that Xinhua bulk and Sino Bo industries could strengthen resource sharing and mutual complementarity, refine research on industrial customers' problems in production activities, expand in depth, strengthen product innovation, deepen business cooperation, and provide comprehensive and all-round services to industrial customers in industrial restructuring, industrial chain integration and supporting services.

Through the construction of the perfect cotton spinning and chemical fiber commodity market system, we will gradually enhance the influence of China's relevant commodities in the field of international spot trading, and strive for the national discourse power and pricing power.

In September, China's HSBC manufacturing PMI fell unexpectedly to 50.2 less than expected.

According to published data, China's HSBC Manufacturing Purchasing Managers Index (PMI) reached a final value of 50.2 in September, with a forecast value of 50.5, which was flat at the end of August's 50.2.

China's HSBC manufacturing PMI initial value in September has surprised the market. 50.5 of the actual data not only beat expectations, but also higher than the previous value.

Although the employment index dropped to five and a half years, the improvement of new orders and new export orders index still boosted the overall data recovery.

However, many people in the industry believe that the September PMI data show that China's economy is still moderately expanding, and real estate is still the biggest risk of dragging the economy.

The Chinese government needs to introduce more easing measures to grow steadily.