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March 24, 2016

Falling cotton prices weigh on Weiqiao Textile FY

Sluggish domestic and overseas market demand has continued to weigh on Weiqiao Textile Company Limited, China’s largest cotton textile producer, with the company citing "a dramatic drop in domestic cotton consumption" as one of its biggest challenges during the past year.

By Leonie Barrie

Sluggish domestic and overseas market demand has continued to weigh on Weiqiao Textile Company Limited, China’s largest cotton textile producer, with the company citing “a dramatic drop in domestic cotton consumption” as one of its biggest challenges during the past year.

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