It is never easy to put a positive spin on buying high and then selling low. Then again, the cotton that China plans to start selling from its vast state reserves this week, at a price below what it paid for this year’s harvest, might be rather hard actually to spin, period. Cotton can go brittle if stored for a long time.
把“高買低賣”編排成一種合理之舉，從來都不是件容易的事。這么看來，中國計劃本周開始出售的儲備棉——其售價要低于今年收獲的棉花的收購價——實際上不太可能真的用來紡紗。但如果儲存時間過長，棉花可能會變得很脆。
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