Leading A New Body Into Cotton Market The Way To Realize Sustainable Development Of Cotton Industry In China

The fundamental problem in our cotton market is a contradiction that we try to protect cotton farmers' benefit meanwhile we have to lower the cost of textile production. The paper aims at explaining a new idea: leading a new body into cotton market is the possible way to realize sustainable development of cotton industry in China. The new body is a cotton fund of large scale. It works like a reservoir in cotton trade, therefore, price fluctuation is gentle, the lowest price rises and global cotton price reaches balance. Thus we can protect farmers' benefit and at the same time , textile factories are able to buy cotton at an average global price in a steady way.