China's Xinjiang to build cotton trading center

Email|Print|Comments       twitter     facebook     Sina Microblog     reddit    

Cotton processors in northwest China's Xinjiang Uygur Autonomous Region are planning to build a cotton trading center in the country's largest cotton planting area.

The center will be located in the Xinjiang Huijin Logistics Garden, Korla City, in southern Xinjiang. It will be jointly supported by 17 cotton purchase and processing enterprises with a total investment of 1.5 billion yuan (242 million U.S. dollars).

The first phase of the project, with an investment of nearly 300 million yuan, will have a storage capacity of 600,000 tons, while the second-phase project will bring that capacity to 3.6 million tons.

Besides storage, the center will cooperate with other cotton future centers in the country to make it a complex platform for cotton logistics, trade and transaction.

Xinjiang is China's most important cotton planting area, with its output accounting for more than half of the national total.

• Group wedding ceremony in Xinjiang
• 3,000-year-old nomad shields excavated in Xinjiang
• Pepper festival kicks off in Xinjiang
• Xibe group re-enacts their ancestors' journey to the west
• Support needed to develop Xinjiang and Tibet

We Recommend

• Int'l Military Music Festival kicks off in Moscow
• Highlights of MAKS 2013 Int'l Aviation and Space Show
• Top 10 Chinese provinces for the well-heeled
• Baby born to save his sister - the story of a savior sibling
• Lady of mystery: Female SWAT team in prison disclosed
• Single mother, baby live in KFC restaurant for months
• Fan Bingbing poses for Malaysian magazine Citta Bella
• Zhang Xinyi covers COSMOPOLITAN
• A collection of bizarre rooftop buildings around China