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Lifting the Wool Curtain: Recent Reforms and New Opportunities in the Chinese Wool Market with Special Reference to the "Up-country" Mills

Author

Listed:
  • Brown, Colin G.
  • Longworth, John W.

Abstract

From being an insignificant buyer of Australian wool at the start of the 1980s, China had emerged as Australia's major, if somewhat erratic, customer by the 1992/93 season. Continued development of Sino-Australian trade in wool is vital to the future of the Australian wool-growing industry. This article describes recent market and trade reforms in China and examines their likely impact on wool imports. Particular attention is devoted to the effects the recent changes will have on the up-country mills which represent a poorly understood but potentially significant new market for Australian wool. In many respects the problems/opportunities identified in relation to the up-country mills also exist for many other mills in China which, for various reasons, have traditionally produced for the domestic market. The domestic demand for wool products in China is potentially enormous and further development of this market is one of the great challenges facing the Australian wool industry.

Suggested Citation

  • Brown, Colin G. & Longworth, John W., 1994. "Lifting the Wool Curtain: Recent Reforms and New Opportunities in the Chinese Wool Market with Special Reference to the "Up-country" Mills," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 62(03), pages 1-19, December.
    • Handle: RePEc:ags:remaae:12321
    DOI: 10.22004/ag.econ.12321
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    File URL: https://ageconsearch.umn.edu/record/12321/files/62030369.pdf
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    References listed on IDEAS

    as
    1. Colin G. Brown & John W. Longworth, 1992. "Reconciling National Economic Reforms and Local Investment Decisions in China: Fiscal Decentralization and First‐Stage Wool Processing," Development Policy Review, Overseas Development Institute, vol. 10(4), pages 389-402, December.
    2. Chisholm, Tony & Haszler, Henry & Edwards, Geoff W. & Hone, Phillip, 1994. "The Wool Debt, The Wool Stockpile and the National Interest: Did Garnaut Get it Right?," 1994 Conference (38th), February 8-10, 1994, Wellington, New Zealand 148109, Australian Agricultural and Resource Economics Society.
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    Cited by:

    1. Brown, Colin G., 1997. "Chinese wool auctions: Failed agribusiness reform or future marketing channel?," China Economic Review, Elsevier, vol. 8(2), pages 175-189.

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    Keywords

    Agribusiness; Marketing;

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