March 21, 2001 Xinjiang cotton trade market opened to public,
which was established by Xinjiang municipality, and coordinated
by municipal cotton and hemp corporation. Eachtech provided
technical support, i.e., the trade system through the whole
trade procedure, which includes cotton calatog match trade,
bidding trade and contract ordering, etc. Its main function
is to form price, organize trade, hedge risk, pass information.
After its openness, the municipal government and relevant
departments is able to adjust and control cotton supply &
demand and cotton price through Xinjiang cotton trade market,
reasonably direct cotton production, circulation and consumption.
All the operation procedures adopt computer network procedure
management, which marks a good beginning of cotton trade e-business.
|