It is known from Xinjiang Changji Miqian Promotion Bureau that Xinjiang Changjia relaying on local natural resource and energy sources sign the contract with RMB 0.3billion investment with Zhejiang Haining Yuli Socks Co.,Ltd and Zhejiang Haining Yili Socks Co.,ltd.
Xinjiang,as China famous cotton planting base, whose cotton output account for nearly 1/3 of national cotton production, local government also issue attractive"preferential resource list": first, ground is used for free; second, the price of industry-using electricity is very low, being RMB0.28/KW, all above decrease the cost of textile & fashion enterprise. Besides, local government issue associate policy including tax derating, property right-transformation etc. The principle of Hangzhou city Textile Trade Association show after seeing about Xinjiang : process cotton into cotton yarn which is added to about 300% value.
The statistic shows that the capital inserted by Zhejiang dealers in Xinjiang cotton textile industry has exceeded RMB10billion. Besides the rich resource and energy sources, good market in Xinjiang and neighbor eight countries with potential 1.35billion customers is other factor attracting Zhejiang dealers.
With these advantageous conditions, enterprise can build factory in Xinjiang, then establish front fashion distribution base in Kirghizia to distribute fashion, textile to world in the status of member of WTO. However, it is introduced by expert that the potential of Xinjiang cotton & textile market is till power because the high value field of Xinjiang cotton textile has not seen RMB10billion investment. It is known that up to now, there are about 150000 dealers in Xinjiang including dominant Wenzhou dealers. It is also known that Wenzhou dealers take root in Xinjiang have reached nearly 120000.
