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China's cotton output peaked in 2012 at 6.84 million tons, more than 2.2 times that of 1978. It started to drop from 2013 due to relatively low profitability.

China's economic data in July, such as retail sales and fixed-asset investment, weakened compared with June, while its consumer price index rose to 2.1 percent in July, up from 1.9 percent in June, according to data by the National Bureau of Statistics (NBS). Recent rises in food prices in many parts of the country have triggered concerns that consumer inflation may strengthen further in August. The NBS is scheduled to release CPI data next Monday.

China's manufacturing sector in March stayed above the boom-bust mark for the eighth month in a row, and the non-manufacturing sector continued to expand, nearing a three-year record high, according to the National Bureau of Statistics.

China's consumer inflation target set for the last year was at 3 percent. The consumer price index rose 2.1 percent year-on-year in 2018, up from 1.6 percent in 2017.

China's cruise market handled a total of 4.96 million passenger trips last year, and is expected to grow to 5.7 million passenger trips this year, according to the China Cruise & Yacht Industry Association.