Weifang Xinghe Internnational City was invested and developed by Shandong Hengyi Investment Group. It has a total area of 300,000 square metres and has attracted over 1,000 retailers locally and national wide. The annual transaction value at Xinghe International Textile City is around 20 billion RMB, it is ranked as the largest A-grade wholesale textile market in China and rewarded as one of the top ten National Textile Markets in China. The Textile City benefits from its central location in Shandong Province – a province with prosperous textile industry, its business has penetrated into eastern, northeastern and greater regions in China as well as Japan, Korea, Europe and U.S.
Since the textile city opened, provincial, municipal officials, industry associates and interstate representatives have frequently visited, including Yang Donghui, Chen Shujin and Xu Wenying – Deputy Presidents of China Textile Industrial Association; Wang Renyuan – Executive Deputy Governor of Shandong Province; Li Shushen – Director of Shandong Economic and Trade Commission and other officers from Weifang. Representatives from Zhejiang Keqiao Textile City, Beijing Red Door Market, and Nantong Domestic Textile Market have visited and shared experience. In terms of marketing, lots of resources had been put on national media to advertise on the solid foundation and market advantage of Weifang textile industry. Some large-scale events were organized among Chinese textile companies to expand networks and build platforms, providing support for the development of textile industry.