China to allow overseas traders for cotton futures

In a recently issued white paper on cotton futures, the exchange said it seeks to further open up to increase its international influence, study international regulations and rules on cotton futures, and seek to involve overseas traders, according to Chinese media reports.

Last year, China produced more than six million tonnes of cotton. Incidentally, China is the world’s largest producer, consumer and exporter of textiles. (RKS)

ALCHEMPro News Desk – India