Current location - Loan Platform Complete Network - Foreign exchange account opening - Is there not enough cotton in China? Why export it?
Is there not enough cotton in China? Why export it?
Because China is the world's largest producer of cotton raw materials, accounting for about 3% of the world's annual output, and Xinjiang is the main cotton producing area in China, accounting for more than 2% of the world's production, especially its high-quality long-staple cotton, which is one of the best in the world. In this case, China will not only meet its own production and use, but also earn a large amount of imported foreign exchange every year, improving the overall economic benefits.