Tongzhou Cotton was invited to participate in the launch ceremony of the Industrial and Commercial Bank of China's "Integrated Development Service Solution for Domestic and Foreign Trade".
Spring is in the air, a new atmosphere, ICBC's 'Spring Warming' campaign is underway; Spring rain nourishes all in the same boat, Spring fills the garden with brilliance! April 9, Our company Chairman Wei Gangmin was invited to attend the launch ceremony of the Industrial and Commercial Bank of China's support for the "integrated development service plan for domestic and foreign trade," and President Assistant Zhu Yaoqin signed on behalf of the company.
Event Background In order to implement the "Several Measures to Accelerate the Integrated Development of Domestic and Foreign Trade" issued by the General Office of the State Council, support domestic enterprises in developing international markets, and assist foreign trade enterprises in converting exports to domestic sales, the Industrial and Commercial Bank of China held a "Spring Warming Action 2024" supporting the integrated development of domestic and foreign trade service plan launch conference themed "Focusing on accelerating the construction of a strong trading nation and serving the construction of a new development pattern." The Industrial and Commercial Bank of China, the Henan Provincial Department of Commerce, the People's Bank of China Henan Branch, customs, and key provincial enterprises jointly participated in the event, charting the future.
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.
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.
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.
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.
Henan Tongzhou Cotton Industry Co., Ltd.
Contact
Henan Tongzhou Cotton Industry Co., Ltd.
Address: 10th Floor, Henan Nongxin Building, No. 19 Commercial Outer Ring Road, Zhengdong New District,Zhengzhou, China
Tel：86037165836206
Email：tongzhou@tongzhoucotton.com
Mobile
CopyRight © 2025 Henan Tongzhou Cotton Industry Co., Ltd.