The trade with the EU was facing a grim situation

According to customs statistics, January-May2012, China’s textile and apparel exports valued at USD 93.523 billion. Compared with the same period in 2011 increased 2. 63%. Among them, The exports to European Union( the EU) valued at USD 16.756 billion, accounted for 17.92 % of total exports to the global in textile and apparel, down 11. 17% y/y. e EU is one of the main markets for China’s textile and apparel exports. e negative growth highlights the grim situation of the European Union market . Market share declined in the EU The EU, the United States, and Japan

According to customs statistics, January-May2012, China’s textile and apparel exports valued at USD 93.523 billion. Compared with the same period in 2011 increased 2. 63%. Among them, The exports to European Union( the EU) valued at USD 16.756 billion, accounted for 17.92 % of total exports to the global in textile and apparel, down 11. 17% y/y. e EU is one of the main markets for China’s textile and apparel exports. e negative growth highlights the grim situation of the European Union market . Market share declined in the EU The EU, the United States, and Japan had