PEAK had news press conference with NBA officers announcing the new signings with five NBA players. 
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According to the survey of National Cotton Market Monitoring System, by the end of November, sales rate of farmers for cotton stood at 63.3 percent, a drop of 11.7 percentage point’s year-on-year. New cotton processing rate of ginning mills was 56.4 percent, down 16.8 percent year-on-year while average sales rate was 15.5 percent, down 17.8 percent year-on-year.
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The impact of global financial crisis on the economy expanded further in November, with prices of bulk commodities including cotton falling sharply. December contract of New York futures averaged at 42.78 cents per lb in November, down 7.79 cents or 15.4 percent from the previous month. In major Asian ports, CNF price was 59.87 cents per lb, down 7.57 cents or 11.2 percent from the previous month.
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