China Expected to Sell Cotton from Its Stockpile

choi

Lucy Craymer, 低棉价令中国储备棉拍卖难上加难. 华尔街日报中文版, Mar 4, 2016
http://cn.wsj.com/gb/20160304/fin155034.asp

, which is translated from

Lucy Craymer, China Expected to unload Cotton. Wall Street Journal, Mar 4, 2016.
http://www.wsj.com/articles/chin ... le-looms-1456999495

Quote:

"China is getting ready to sell some of its 11 million-metric-ton stockpile -- enough to make 10 billion pairs of jeans.

"While the [Chinese] government sells nearly all of its cotton at home, it is such a big player in the market that unloading a chunk would depress global prices by reducing how much foreign cotton Chinese businesses buy.  China holds abut 60% of the world's cotton stockpile and is responsible for slightly less than a third of global consumption.

My comment:
(a) This report is behind pay wall.
(b) China "is responsible for slightly less than a third of global consumption" with a fifth of world's population.

China is world factory floor, and the largest title exporter. Naturally it uses more than its share of cotton to clothe its citizens.
(c) There is no need to read the rest.