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Analysis on China Cotton Market
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作者 Jian Wang Michel Fok 《Chinese Business Review》 2004年第7期37-49,共13页
China is the world's largest cotton producer and consumer and its domestic cotton demand and supply have a great influence on the world market. This paper firstly gives a discussion on Chinese cotton market, especial... China is the world's largest cotton producer and consumer and its domestic cotton demand and supply have a great influence on the world market. This paper firstly gives a discussion on Chinese cotton market, especially from a viewpoint of history to study domestic market price fluctuation. The cotton market history from E R. China's setting up to present has been divided into four stages and characterized as different agricultural policies applications and economic periodicities. Concluding from the history, artificial influences may be the most important reason of market inequilibrium, up to now, market and artificial interruption, are also the key problem. Then it takes domestic cotton demand as a study object, trying to find what will be a statistic significant cotton demand in national level and it's underneath demand frame. Through a seres of analysis on the demand frame, problems have been clearly displayed, an open microeconomic circulation supports our study and six variables had been described by statistics. Therefore, we can analyze the cases of real cotton demand that includes supply and demand reactions in China with experience and estimations. Otherwise, international cotton market is greatly interacted with Chinese domestic market more and more today. Some necessary analysis, such as international cotton supply and demand, Chinese cotton stock policy and world price long run tendency, are very important factors for Chinese cotton development. Those may concern Chinese access to WTO, cotton trade quota and tariff, welfare comparison, etc., all have been discussed in the paper. 展开更多
关键词 cotton market history of China domestic cotton demand statistics description microeconomic circulation international price tendencies
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