As major carriers of the SMCs to agriculture, rural areas and farmers cooperative enterprises contribute enormously to the agricultural industrialization and the spread of modern marketing meas in rural areas in recent years, the Supp and marketing cooperatives have devoted great efforts to promoting reform of the enterprises owned by the cooperatives. A changeover was made from pure reduction of manpower debts and burdens to optimization of the structure of assets owned by the cooperative system have become the main forms of property rights system. The stock system and the share cooperatives system have become the main forms of property rights system in enterprises owned by the cooperatives. Through strengthening integration and cooperation the enterprises owned by the cooperatives have been revitalized. A large number of large and modern circulation enterprise groups including China National Agricultural Means of production Group Corp. (CNAMPGC), New cooperation joint-stock Trade Chain Co. Ltd. and Suguo Supermarket Co. Ltd(Suguo) have begun to take shape forming a new system of supply and marketing cooperatives engaged in market competition.

The China National Cotton Group under the ACFSMC have cotton purchase and processing bases and cotton marketing networks in all major cotton producing and cotton sales areas across the county. Its major businesses are cotton purchase, processing storage transportation, and cotton futures transactions.

 

 

   

       Cotton Warehouse                                                Cotton Purchase

 

The Beijing National Cotton Exchange Co. Ltd under the ACFSMC serves both cotton buyers and sellers. At present, its closing prices have become the “weatherglass” that reflects the price trends of cotton in China and have a great impact on the international cotton prices.

National Cotton Exchange

 

The China Agriculture Means of Production Group Corp under the ACFSM is the largest agriculture input dealer, taking up 20 percent of fertilizer sales market in China.