China obtains fast economic growth after becoming a member of WTO. From 2001 to 2007, China achieved a GDP growth of 225% and a foreign trade growth of 426%. From 2002 to 2006, China turned into a real big economic power in the world with its economic aggregate jumping from No. 6 to No. 4. Following high-speed economic growth, the problem of extensive economy with high power consumption and high environmental pollution becomes more and more serious; the resistance of resource-based basic industry against the economic growth becomes more and more obvious; the macroeconomic operation has turned into cost-reliance mode from demand-oriented mode; the monetary inflation pressure is increasing; and the competitiveness of traditional processing industry with exclusive price advantage has faded away. As the sustainable economic development of China is facing sever challenge, the Chinese government launched a series of policies since 2006, such as the strict control of fixed asset investment, higher loan rate, and higher deposit reserve ratio. Starting the year 2008, the widespread chain reaction of Subprime crisis and the constant price inflation in China bring about more uncertainties to the outlook of world economy. As the weather glass of Chinese economy, the A-share market is extremely bearish in 2008 after eight-year consecutive high-speed economic growth.

All above-mentioned economic phenomenons probably signify the beginning of a new era, i.e. a watershed of Chinese economy oriented by environmental protection, economization and efficiency.

The cotton textile industry of China once boasts outstanding competitiveness in the international market after China’s accession to WTO. However, in the face of RMB appreciation, ever-rising labor cost, tighter monetary policy and more strict environmental protection requirement, the development of Chinese cotton textile industry is seriously affected.

How Chinese government will regulate its macroeconomic policy in the new marketing year? How Chinese textile mills will cope with current difficulties? What is the business opportunity in the international textile market as well as the entire industrial chain?

The International Cotton & Textile Summit Forum and Trade Fair will fully discuss those questions by inviting relevant officials and experts from China as well as other countries, such as the National Development and Reform Commission, the Ministry of Agriculture, China National Textile and Apparel Council, Peking University, Bayer CropScience, Louis Dreyfus, Olam International, DyStar, FCStone, Morgan Stanley, Asia Risk Management Association, Chinese cotton merchants, etc. Representatives of top-50 Chinese textile mills will participate in the interactive discussion as well as the trade fair, such as Weiqiao Textile, Huafang Textile, BROS Holding Limited, Shenzhen Huafu Textile Holdings, Luthai Textile, Texhong Textile, Changshan Textile, Anhui Huamao Group, Wuxi No.1 Cotton Mill, Black Peony Group, etc. A total of over 500 participants will take part in this event.