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Is China Cotton Group a state-owned enterprise?
Yes, China Cotton Group Co., Ltd. (CMG) is a large-scale circulation enterprise directly under the All-China Federation of Supply and Marketing Cooperatives. It was established in June, 5438+0993 with the approval of the former Ministry of Foreign Trade and Economic Cooperation. It is the first national agricultural industrialization leading enterprise in cotton industry jointly evaluated by the National Development and Reform Commission and the Ministry of Agriculture.
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