Zhang Jinguang: Review And Prospect Of China'S Cotton Regulation Policy

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< p > review of cotton market regulation policy, I believe you are familiar with it. I would like to say something briefly.

It should be said that in recent years, cotton policy in China has been carried out along a main line from a planned economy to a market economy.

Especially since the beginning of the new century, there have been some major changes in the cotton related policies.

Since 2001, in accordance with the unified plan of the State Council, the work of further deepening the reform of the cotton circulation system has been carried out. The principle of "one release, two points, three strengthening and industrialization management" has been defined, namely, the release of cotton purchase, the separation of social enterprises, the separation of reserves and operation, and strengthening of market management, < a href= "//www.sjfzxm.com/" > Quality < /a > supervision and macro-control.

With the needs of economic development, since 2003, the State Council has approved the development of cotton quality inspection system reform. After many years of efforts, the cotton processing and testing system has undergone profound changes. It can be said that the modern cotton processing and testing system has been basically built.

After the international financial crisis, due to the large fluctuations in domestic and foreign cotton market, in order to prevent the great fluctuation of the market and the adverse effects brought about by the big and big production, the cotton temporary purchase and storage policy was promulgated after the approval of the State Council in 2011. The policy was formally withdrawn from the end of March this year after three years of continuous implementation.

Starting from 2014, pilot cotton target price subsidies will be launched in Xinjiang.

This is the major change in cotton policy over the years.

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After the implementation of the target price system (P), the policy environment of the domestic cotton market is bound to change very much. I think the corresponding regulation means should also be adjusted.

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< p > in the near future, we should consider the convergence of temporary collection and storage, < a href= "//www.sjfzxm.com/" > policy < /a > and target price system.

During this period, we should pay more attention to the market regulation according to the market orientation determined by the central government, and state regulation should pay more attention to such aspects as market failure and other market mechanisms which can not play a full role.

There are two main concerns in this period: the first is that the quantity of reserve stocks is too high and needs to be digested as soon as possible.

The other is that in the process of convergence of new and old policies, the role of market players may not be able to change roles in time, resulting in the difficulty of selling cotton in local cotton purchase.

Of course, it is possible that the price of cotton will go up. After all, the market is uncertain. It is only when prices are low that they may need more necessary adjustment and need state intervention.

I think we should make some preparations for these two questions.

For inventory problems, in the near future, domestic a target= "_blank" href= "//www.sjfzxm.com/" > textile < /a > cotton may need to digest national reserve cotton. In this process, we need to grasp the intensity and rhythm of de stocking, and integrate inventory control with import control.

For the difficulty of selling cotton, the state needs to set up a mechanism to intervene in a special situation and emergency. If necessary, we must take part in the market participants who have certain processing, warehousing and financial strength to solve the problem of cotton being difficult to sell.

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< p > in the long run, I think there should be a general judgement that in a long period of time, cotton will not be changed as the main cultivar and the income of agricultural products in Xinjiang area, and cotton will not change as the basic raw material of the textile industry. At the same time, the position of the textile industry as an important part of our national economy will not change in a certain period.

Under such circumstances, it is necessary for the state to maintain a certain cotton self sufficiency rate to ensure the safety of our textile industry.

Next, we should combine the cotton target price subsidy policy with the spirit and requirements of relevant documents such as the Central Document No. 1, and further improve the cotton regulation system.

Taking into account the uncertainty of future market development and change, I personally think there are several principles that should be followed: the first is the principle of marketization, and a series of documents in the central government have made clear that the future agricultural products should adhere to the principle of market pricing and explore the reform to promote the decoupling of market price formation from government subsidies.

Therefore, in the regulation and control, we must adhere to the direction of marketization and make sure that the market mechanism plays a decisive role in the allocation of resources.

The second is the principle of comprehensiveness.

In recent years, we have established various regulatory systems that closely cooperate with each other. In the future, more attention should be paid to the comprehensive utilization of these measures.

In the past, some policies carried too many goals and tasks, resulting in a reduction in the effectiveness and efficiency of implementation.

In the future, market regulation can not only make good use of the two basic control measures, such as reserve and throughput, but also keep pace with the times. We should consider using some tools in the capital market to regulate and control services, and gradually establish a multi-level market control system, and make the regulation more detailed and more targeted, so as to achieve the purpose of improving the efficiency and efficiency of regulation and control.

Another point is that in the future regulation, I think we may pay more attention to the role of market players.

Since the implementation of the temporary purchase and storage policy for three years, the state's direct pricing and open storage have brought some problems, so the means of direct intervention in the market may be gradually diluted or even withdrawn.

In the future, we should give more play to the role of market players, bring local governments and enterprises at all levels into the national regulatory system, give full play to their enthusiasm and unique role, and better serve the market regulation and control.

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< p > above is my own experience and reflection.

In my view, the regulation of the cotton market in the final analysis is to serve the overall development of the national economy. The cotton industry is not only related to the interests of millions of cotton farmers, but also directly related to the healthy development of the textile industry. Its healthy development is of great significance to the steady development of the national economy to a certain extent.

To sum up, in the future, we should gradually improve the regulation and control system of cotton market and enhance the level of regulation and control in accordance with the principles of central control and the new development and new changes of the market.

I sincerely hope that the experts in this field and the practitioners in the cotton industry will be here.

In the two day conference, we should brainstorm and express our opinions, give full play to intelligence and wisdom, put forward constructive and practical ideas and suggestions, and work with us to safeguard the healthy and stable development of the cotton market.

Thank you! < /p >