From 2001 to July this year, China has imported a large quantity of cotton, of which, US cotton accounted for more than half of the total import.
Although this has solved the material shortage for domestic textile enterprises, the swarming of large imported cotton also squeezed the local cotton market. The US cotton has been taking over cities and territories everywhere by its advantage of low price. Therefore the cotton acreage in middle and lower reaches of the Yangtze River and Yellow River Basin has dwindled in recent years.
Since last year, China's main cotton enterprises have suffered great losses due to large imported cotton.
When the US has continued to carry out stringent restrictions on Chinese textile products and launched anti-dumping investigations over Chinese goods, they also have kept dumping a lot of cotton into China.
This is in stark contrast that Western countries show a deep-rooted mentality of trade protectionism, while China exposes the weaknesses in dealing with anti-dumping cases.
From 1995, China has become the most targeted aim of anti-dumping investigations in 11successive years, where in 2005, alone China encountered 51 cases of overseas anti-dumping investigations, involving a total amount of US $1.79 billion.
In 2005, China only launched 6 anti-dumping investigations on imported products. There were even fewer anti-dumpling investigations on foreign agricultural sectors by the State.
marketing@alchempro.com
