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State Council: Cotton Price To Be Closely Watched This Year

State Council: Cotton Price To Be Closely Watched This Year

Write: Tapanga [2011-05-20]

Beijing, CNCotton:"Essential Work For State Council in 2006" released on March 19 includes that Chinese government will continue to enhance the adjustment of economic structure and the transformation in the ways of economic development so as to ensure a sound beginning for the 11thfive-year plan. A few cotton-related points are listed as follows:

1. To continue to undertake a steady currency policy and push for an expansion of consumption.

2. To control fixed asset investment in an appropriate manner.

3. To enhance the structural adjustment of some industries

4. To keep a basically steady price for agricultural products

5. To ensure a sound price monitoring for essential commodities including grain, cotton, fertilizer, medicine, crude oil, coal, steel and real estate, etc.

6. To provide government support for agriculture in a steady, perfected and reinforced way.