So far this year, textile and clothing industry in our province part of the decline in cotton imports reflect this. According to the Ningbo Customs statistics, from 1 to October Ningbo Port imported 20,000 tons of cotton valued at 33,560,000 U.S. dollars, respectively, over the same period last year (with) declining 32.4% and 20%, the average price of 1690 U.S. dollars / ton, an increase of 18.3 percent. Private enterprises and foreign-invested enterprises are the main imports, imports were 07,300 tons and 07,200 tons, respectively, year-on-year decrease of 1.9% and 54.5%, both the total imports accounted for 72.5 percent of the total.

These products are mainly imported from India and the United States, imports dropped by 12.9% and 22%, both total imports accounted for 96% of the total. According to the analysis, led to the decline in cotton imports are the main factors: on the one hand, our ability to enhance China-made cotton self-sufficiency; on the other hand, the U.S. sub-loan crisis triggered by the global financial crisis, China’s textile and garment exports a significant reduction in the textile industry output reduction, A sharp decline in demand for imported cotton.