Pursuits
China Cotton Demand to Recover, Lifting Prices, Weiqiao Says
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Cotton demand in China, the largest user, may rebound this year, increasing imports and stemming a decline in prices, said Zhang Hongxia, president of Hong Kong-listed Weiqiao Textile Co.
Consumption may rise to 9.58 million metric tons this year from an estimated 9 million tons in 2011 amid a recovery in the textile industry, Zhang said in an interview on March 26. Shandong-based Weiqiao is China’s biggest cotton-textile manufacturer, according to its website.