The State Will Focus On Planning And Improving The Three Major Cotton Logistics Channels.

The 10 departments, such as the national development and Reform Commission and the Ministry of finance, have jointly issued an acceleration.

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Development guidance, through planning and improving the three major cotton logistics channels, widening investment and financing channels and other measures, by 2020, basically built advanced technology, efficient and smooth cotton modern logistics service system, forming a group of third party cotton logistics enterprises with strong competitiveness.

According to the contents of the guidance, we will focus on planning and improving three major cotton logistics channels, including the Xinjiang cotton logistics corridor, mainly to meet the demand of Xinjiang cotton and the import of cotton from Central Asian countries to the mainland. The mainland cotton logistics corridor mainly meets the cotton demand of cotton textile enterprises in East China, central China and North China, and the logistics channel for importing cotton in the coastal areas is mainly to meet the logistics demand of domestic enterprises for imported cotton.

In addition, we should carry out the pilot project of cotton container pportation, break the "bottleneck" that restricts the development of cotton container pport, and build a cotton container pport logistics system which integrates collection, collection, pfer, pportation and storage from Xinjiang to the mainland, and realizes the "door to door" cotton container multimodal pport service.

In terms of investment and financing channels, cotton backbone enterprises are encouraged to raise funds for construction through various channels, participate in logistics informatization and standardization, and build important logistics corridors and nodes infrastructure. Central and local departments concerned can provide certain financial support through existing investment channels.

We should guide banking financial institutions to increase credit support for cotton logistics enterprises, support eligible enterprises to expand financing channels through issuing corporate bonds, corporate bonds and listing, and support enterprises to raise funds for issuing non-financial corporate debt financing tools.

At the same time, we should enhance the informatization level of cotton logistics, increase policy support, and encourage railway pportation enterprises to increase the input of cotton pportation capacity.

Implementation of land and related taxes to support the development of the logistics industry

The relevant localities further improve the operation method of cotton tariff subsidy in Xinjiang.

At the same time, support cotton logistics enterprises mergers and acquisitions, bigger and stronger.