The development of China's cotton industry has benefited from good economic policies and continuous opening up. In the cotton field, as a cotton-producing and cotton-producing country, China should also develop cotton production capacity and maintain a certain self-sufficiency rate, but it still needs to achieve a balance between production and demand through the international cotton market. The phenomenon of the integration and development of cotton and textile industry is also emerging, especially the role and role of business model innovation in business development and industrial transformation and upgrading is becoming more and more important. Innovation drive is the trend of the world's development, and China's cotton industry is still at the low-end of the global value chain. From cotton farmers to enterprises, from policies to standards, innovation power is insufficient, and industrial development has not really turned to rely on innovation. China's cotton industry needs to continuously increase innovation and achieve healthy development of the cotton industry. In response to the problems encountered in the current development of the cotton industry, the industry should continue to handle the relationship between the government and the market, synergistically play the role of the government and the market "two hands", further deepen the cotton target price reform, and strive to build a high-quality cotton production base in Xinjiang. Stabilize cotton farmers' enthusiasm for cotton. It is necessary to reduce the extensive production capacity, reduce the supply of low-quality cotton, promote the application of new technologies, new models and new products, and increase the supply of high-quality cotton. It is necessary to carry out production around textile demand and do a good job in production and marketing. China is an important cotton-producing and cotton-producing country in the world. It has abundant industrial resources, advanced textile technology and a complete industrial chain. China should learn from and learn from the development experience of the world's advanced countries and regions to achieve interconnection and linkage growth. The future development of cotton should be viewed from both international and domestic factors. There are three aspects of international factors: First, changes in the global economy affect the demand for textiles. The second is the change in oil prices. In the future, oil prices will continue to rise or the demand for cotton will increase. In addition, with the development of the economy, natural cotton fiber products are still the mainstream in the market. The third is the process of trade liberalization. In the world, the trend of isolationism, unilateralism, and trade protectionism has risen. These factors have affected the development of China's cotton industry. There are two aspects of domestic factors. The short-term is the impact of market and subsidy policies. The long-term impact of agricultural costs such as labor and land on cotton production. The future development trend of the domestic cotton industry: First, the cotton planting area in the eastern region will continue to decrease, and the output will decline; second, if the “decoupling subsidy†policy is truly realized, it will have certain adverse effects on the cotton area in Xinjiang, and the cotton planting area will tend to Stabilization or decline, while cotton production will be stable or slightly increased; third, domestic cotton planting technology will continue to improve, may play a buffer role in the decline in cotton production. In terms of international trade, China will continue to import large quantities of cotton. The decline in domestic cotton production capacity and changes in textile demand are the most important factors affecting the change in cotton imports. With the formation of the Internet + cotton industry chain ecosystem, the maturity of the cotton data ecology, the business thinking mode and business model of the cotton industry will certainly change. China's cotton big data ecosystem has benefited from the cotton industry policy. From the reform of the cotton circulation system to the reform of the cotton quality inspection system, from the Xinjiang cotton export subsidy to the Xinjiang cotton target price subsidy pilot reform, the rich and detailed industrial policy system has promoted the landing of cotton big data. Xinjiang cotton, which accounts for more than 80% of the country's cotton resources, has achieved accurate statistics and big data collection. This not only provides a detailed basis for the country to implement the precision cotton subsidy policy, but also provides a basis for decision-making for the country to formulate cotton macro-control policies. The development policy of the industrial chain provides the basis for the development. China's textile industry has undergone transformation and adjustment during the “Twelfth Five-Year Plan†period. The technological and product innovation capabilities have been continuously improved, and production efficiency has continued to improve. The cotton industry, which supplies raw materials for cotton textile enterprises, urgently needs to adapt to this change, accelerate industrial upgrading, and upgrade China. The competitiveness of the cotton industry is striving to keep pace with the overall development of the industrial chain. The combination of big data and the traditional cotton industry will promote the upgrading of the cotton industry and promote the reform of the cotton supply side. It can not only quantify cotton planting science, reduce cotton production costs, improve cotton quality, but also change the business model of cotton circulation. Service mode and management mode reshape the cotton industry chain, supply chain and value chain.
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At present, China's cotton industry production and circulation are relatively small in scale, high in cost, low in efficiency, cotton quality is difficult to meet the increasing demand for textile consumption, and some deep-seated problems such as insufficient innovation momentum in the industry need to be solved.