
Zhejiang factory output climbs in May as wearable sales jump 340%
Consumer spending showed signs of a shift toward higher-value technology products.

Consumer spending showed signs of a shift toward higher-value technology products.

In May alone, exports to ASEAN reached 68.49 billion yuan, surpassing the European Union to become the province’s largest overseas market.

Together, the two categories accounted for more than one-fifth of Zhejiang’s export growth over the period.

Under the plan, Wanwei will spend about 7.16 billion yuan ($105 million) to secure 21.88% of voting rights in Ningbo-based Shanshan Corp.