Foreign media reports state, the arbitrary ban and campaign led by the US against Xinjiang cotton may push China to import more than usual cotton this year. As per Global Times, for the last several years, China has been adjusting its cotton import plans in accordance with actual balance between supply and demand of the industry in the year. In 2021, it issued a 700,000-tons quota for cotton imports, all of which is for non-state traders and will be subject to a sliding-scale tariffs system, according to a note published on the site of National Development and Reform Commission (NDRC).
However, with accelerated development of domestic cotton textile industry in recent years, adjusting the nation's cotton import plan according to actual demand has increasingly become a common measure for the industry. This not only improves the supply structure of raw materials but also helps reduce the cost for domestic textile enterprises and enhance their international competitiveness.












