China is planning to further release its cotton stock from government reserves after disposing of 0.5 million tonnes of cotton out of total 1.5 million tonnes allocated reserves.

 According to one Chinese survey in 17 provinces, 49.2% companies showed their intention to quit textile business and restart some other business. 27.3% companies said that the pressure of appreciation of Yuan is becoming unbearable. 44.4% have started selling export-oriented products. Investment in textile industries and related business has been cut by 15.5% while profit margins are also declined drastically. 2/3rd of the surveyed companies admitted that their profit margins have reduced to 0.62%.

It is worth mentioning that Chinese exports to US are completely free from all restrictions so its exports particularly of textile goods have increased since then while exports of other countries have shown negative growth.