Latest News:  
Beijing   Sunny    34 / 23 ℃  City Forecast

English>>China Business

China's bonded warehouses bursting with imported cotton

(Xinhua)

08:21, August 29, 2012

BEIJING, Aug. 28 (Xinhua) -- Imported cotton has been piling up in bonded warehouses at a major coastal harbor in east China due to government import quotas and growing appetite for cheaper foreign-produced cotton.

Imports have filled up more than 30 cotton warehouses at the free trade zone of the Qingdao port in Shandong Province in recent months and some of them have been overstocked for as long as a year, according to a report in the Securities Daily.

An unidentified official of the Qingdao Hongchuan Logistics Co., Ltd. at the port said his company stopped accepting new deliveries a month ago as the 20,000-square meter warehouse was already fully occupied.

Warehouse entries usually thin out in July and August, but this year have seen storage reservations line up till October, an official from another cotton logistics company told the newspaper.


【1】 【2】 【3】



News we recommend:
Amusement parks boost real estate market Survey shows SOE jobs are top choice CNOOC pushes ahead with Nexen acquisition
The Pain of a Pension Deficit Staying on Target More new grads opt for State firms
Treading Lightly for Fast Growth  Questions raised over stores' price war A fertile ground for overseas banks

Email|Print|Comments(Editor:李倩、厉振羽)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Thousands evacuated due to storm

  2. Indian beauties wearing gold jewelry

  3. Real Economy Faces Real Challenges

  4. Int'l Horse Culture Festival opens

  5. China army watch

  6. Paradise on our planet

Most Popular

Opinions

  1. Commentary: Transition of economy starts
  2. Chinese abroad must have better protection
  3. 'Great China' in the eyes of a Serbian journalist
  4. Italy's bonds sales key to economic strength
  5. Capital market needs clearing up
  6. Public needs to see where tax money goes
  7. Should China boycott Japanese goods?
  8. US launches financial attacks against its allies
  9. When will Chinese-style love tragedy move world?
  10. Stakes high for Romney in Republican convention

What's happening in China

Man pricked by syringe with HIV

  1. Public demands truth in Peking University scandal
  2. It’s still summer, say meteorologists
  3. Guangzhou car restrictions spark debate
  4. Death toll rises to 10 in China cement plant blast
  5. Shanghai posts food safety map

China Features

  1. China no longer simply 'world's factory'
  2. Sharp depreciation of yuan unlikely
  3. Special Coverage: Chinese Valentine's Day
  4. Rare tornadic waterspouts appear in Guangxi
  5. Tips for 'Stopping the Heat' [Special]

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai