China plans to set up a national-level cotton and yarn trading center in the Xinjiang to promote the development of the cotton industry in the region,
The center will serve as a foundation for Xinjiang to strengthen trade with China's neighboring countries, and become a globally influential cotton and yarn production and sales center.
The largest cotton-production region in China, Xinjiang produced almost 90 per cent of the 5.98 million tonne of cotton produced nationwide in China in 202.
The new trading center will help China establish world-class industry clusters for cotton and textiles. It will enable the state to study the migration of its textile manufacturing and cotton production industries from the coast and river valleys to western inland areas such as Xinjiang. These areas have relatively low labor costs and other industrial advantages.
