Under the impact of RMB appreciation, raw material cost soar and the US economy recession, the export of textile and clothes in Hebei province witnessed a slow growth in September, up 2.1% on the same period of last year.
In this situation, the central government rised the export tax rebate rate for textile and clothes to help SME go through this difficult time. The adjustment of macro-economy policy had a positive effect on the export of Hebei province. In October, the export of textile and clothes reached 260 million USD, up 34.9%, about 33 points higher than last month.
The export to the EU and the US grew at the rate of 37.9% and 60% respectively; to Russia and Japan at 71.2% and 30.4% respectively; to ASEAN and Africa at 56% and 35.8% respectively.
