2017 Chairman Interview: Integrating Resources to Provide Effective Services to Consumers

2017 Chairman Interview: Integrating Resources to Provide Effective Services to Consumers
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  • 2017 Chairman Interview: Integrating Resources to Provide Effective Services to Consumers
At the 2017 International Cotton Conference held on June 9th, Wei Gangmin, chairman of Henan Tongzhou Cotton Industry Co., Ltd., accepted a special interview from the China Supply and Marketing Cooperative Network reporter on the topic of "Open Innovation, Reshaping the Future of the Cotton Industry."
Wei Gangmin believes that the future of the cotton industry involves two aspects: the future of the industry itself and the future of the people in the industry. Looking back on over 30 years in the cotton industry, with the development of the times and the acceleration of globalization, competition in the domestic market is becoming increasingly fierce. Only competition can promote better development for the industry, enterprises, and individuals. In this competition, talent is key. In addition to passing on a good corporate culture, continuous learning and keeping up with the times are crucial.
The development of trading methods ultimately comes down to how to effectively connect the upstream and downstream sectors, provide valuable services, and achieve one's own development. Vertically, the supply and demand relationship between the upstream and downstream sectors of the industry chain affects prices, which are adjusted through inventory management. Horizontally, global balance and the ebb and flow between domestic and international industries are an unchanging truth.
How can cotton traders survive in this fiercely competitive environment? Following market rules, industrial integration is the general direction. Different companies make full use of their respective advantages to merge. Small and large enterprises, domestic and foreign enterprises, will find it increasingly difficult to survive alone in the future. Through integration and stable development, consolidating human resources, capital, and market resources to provide effective services to consumers is the way forward.

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Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance

Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance

On March 3, Wang Yongqing, Vice President of Xiamen CNOOC Group, visited Tongzhou Group for investigation and guidance. Wei Gangmin, Chairman of our company; Huang Hongyu, President; Li Tao, Vice President; and Zhang Zhiyan, Director of the General Office, met with and participated in a symposium.

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Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance
Tongzhou Cotton Market Brief, Week 1 of March 2025

Tongzhou Cotton Market Brief, Week 1 of March 2025

1) This week's National People's Congress and the Chinese People's Political Consultative Conference (NPC & CPPCC) in China boosted market expectations for steady growth. In February, the Purchasing Managers' Index (PMI) for manufacturing stood at 50.2%, up 1.1 percentage points from the previous month, indicating a significant improvement in the manufacturing sector.

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Tongzhou Cotton Market Brief, Week 1 of March 2025
In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.

In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.

In 2024, China's dyeing industry saw rapid export growth to ASEAN and RCEP member countries, exceeding the overall export growth rate. However, this growth was accompanied by a decline in prices. From January to December, China's exports of eight major dyeing products to ASEAN totaled 7.908 billion meters, a year-on-year increase of 12.14%, 4.61 percentage points higher than the overall export growth rate, accounting for 23.58% of total exports. The average export price was US\$1.19 per meter, a year-on-year decrease of 2.75%, 0.64 percentage points lower than the overall decline. Exports to RCEP member countries totaled 8.431 billion meters, a year-on-year increase of 11.35%, 3.82 percentage points higher than the overall export growth rate. The average export price was US\$1.17 per meter, a year-on-year decrease of 2.79%, 0.60 percentage points lower than the overall decline.

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In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.
President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

On February 28, Mr. Huang Hongyu, President of our company, was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference and, as a guest speaker at the "Xiangshan Roundtable," shared his views on the cotton market and trading opportunities.

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President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

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