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n China’s export textiles’ orientation, expediting the export of high valueadded products. 167。 The state aims to transform China textiles industry from Huge to Strong.China Cotton Price vCotton Net Gap transit from Rigidity to Flexibility vconfronted with ever severe market situation. Some smallsized textile mills are shutdown, and the large and mediumsized are keeping operating rate around 7080% due to the large inventory. vLower production and higher yarn counts es out lower cotton consumption in volume. China domestic cotton supply gap will be affected more by the markets nationally and internationally China Cotton Price v China national reserves sound stronger in the supervision v During July 16th – Aug. 22nd in 2023, China had auctioned 300,000mts of mercial and reserve cottons. v Since 2023, China had invested 10 more new warehouse giving 600,000mts. more spaces to national reserves. 167。 China remain of cotton stock in 2023/07 and mts for 2023/08.China Cotton PricevChina Cotton Price vInfluenced by rapid microeconomy growth, higher of CPI , planting cost, other crops prices new crops price will be higher than that of 2023. vBut the price can not go higher than mills can accept as the modity price finally needs to be confirmed by the consumers, and China textile industry are now pressed in and out. Import Policy for Cotton vPrinciples for Sliding Duty Policy on Imported CottonvUse proper preferential temporary tax to increase import. vTo make the imported cotton price similar to domestic cotton price by the adjustment on import duties.Import Policy for Cotton vSliding Duty Policy on Imported Cotton v On Jan. 1st , 2023 China amend the sliding duty ratio slightly to reveal the difference of the quality, reduce the risk of custom supervision. vRatio range from 6% 40% pare with 5% 40% in 2023 vDuties are lower than last year for the price lower than