Shanghai's Exports to EU, US Drop Drastically

Shanghai's exports to the European Union (EU) countries and the United States dropped drastically in the first eight months this year due to export quota restrictions imposed on Chinese textiles products by EU and the US, the latest statistics showed.
Statistics from the Customs of Shanghai, China's leading metropolis, indicated that Shanghai did an export of US$36.41 billion to the EU countries in the January-August period, a year on year rise of 20.9 percent, but the increase rate was 21.4 percentage points lower than last year's same period.
Exports via Shanghai port to the United States rose 28.4 percent year on year to hit US$40.87 billion in the January-August period, but the increase rate dropped by 14.6 percentage points from last year's same period.