"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.

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Last update : Wednesday, 15 October 2008

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

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