BizChinaUpdate Newsletter
 

Email:

Full Name:

Advertisement
Advertisement
Home arrow News & Interviews arrow News October 2008 arrow Half Of Chinese Toy Exporters Close Down
Half Of Chinese Toy Exporters Close Down PDF Print E-mail

By Peter Bachmann, on Wednesday, 15 October 2008

Published in : The News, News October 2008


China's toy industry is undergoing a major change, with more than half of all exporters being forced to close down this year, the General Administration of Customs said in a new report.

 

"It's the most difficult time in decades for the Chinese toy industry," state media quotes Liang Mei, Vice Chairman of the China Toy Association. Some 3,631 toy exporters, or 52.7 per cent of the industry's businesses, shut down in 2008, the according to Chinese Customs statistics.

The report cites the rising RMB, escalating production and labour costs, trade protectionism and falling export rebates as key influences. Small toy producers, with sales of USD100,000 or less, are being hit the hardest, and make up most of the closures.

Related stories:

China Needs to Invest in Product Safety EU Says
http://www.bizchina-update.com/content/view/950/2/


China Becomes Top Source of U.S. Imports
http://www.bizchina-update.com/content/view/568/2/


Rising Costs in China to Fuel US Inflation

http://www.bizchina-update.com/content/view/563/2/


China Blamed for Rising British Product Recalls
http://www.bizchina-update.com/content/view/480/2/


China Blamed for Rising British Product Recalls: Part II
http://www.bizchina-update.com/content/view/490/2/



 


Last update : Wednesday, 15 October 2008

   
Quote this article in website
Favoured
Print
Send to friend
Related articles
Save this to del.icio.us

Keywords : Toy, Manufacturing, Exports, Imports, Inflation, Rebates, Competitiveness


Users' Comments  RSS feed comment
 

Average user rating

   (0 vote)

 


Add your comment
Name
E-mail
Title  
 
Comment
  Available characters:  
   Notify me of follow-up comments
   
   

No comment posted

 
< Prev   Next >
Advertisement
RSS - Subscribe to the BCU Feed

Member's Area Login

Members please login:

Advertisement