On July 24, news came from the Commerce Bureau of Weihai City, Shandong Province. Stimulated by the EU’s economic recovery and the depreciation of the RMB exchange rate, the exports of Weihai home textile companies grew rapidly. In the first half of the year, textile exports were US$210 million, an increase of 19.3%. Accounting for 4% of Weihai City’s exports.
According to data from the Foreign Trade Management Section of the Municipal Commerce Bureau, from January to June, the top three countries and regions in Weihai City’s export trade volume were the European Union, Japan, and ASEAN, with export amounts of US$57.03 million and US$28.13 million respectively. million, US$27.84 million, a year-on-year increase of 19.3%, 14.4%, and 4.8%.
