[QODLink]
Asia-pacific

China's toy manufacturers trim their sails

Country commands nearly 75 percent of global export market but now faces pressure to build quality products for less.

Last updated: 09 Jan 2014 19:51
Email Article
Print Article
Share article
Send Feedback

Hong Kong is still the hub of research and development in the toy industry, but mainland China is where the world's toys are made. China commands around 75 percent of the global toy-export market, worth around $29bn.

However, even in China, rising manufacturing overheads, caused by increases in labour costs and fluctuating currencies, are putting pressure on manufacturers as retailers demand cheaper products featuring better technology.

Craig Leeson reports from Hong Kong.

72

Source:
Al Jazeera
Email Article
Print Article
Share article
Send Feedback
Topics in this article
People
Country
Featured on Al Jazeera
The author argues that in the new economy, it's people, not skills or majors, that have lost value.
Colleagues of detained Al Jazeera journalists press demands for their release, 100 days after their arrest in Egypt.
Mehdi Hasan discusses online freedoms and the potential of the web with Wikipedia founder Jimmy Wales.
A tight race seems likely as 814 million voters elect leaders in world's largest democracy next week.
Featured
Since independence, Zimbabwe has faced food shortages, hyperinflation - and several political crises.
After a sit-in protest at Poland's parliament, lawmakers are set to raise government aid to carers of disabled youth.
A vocal minority in Ukraine's east wants to join Russia, and Kiev has so far been unable to put down the separatists.
Iran's government has shifted its take on 'brain drain' but is the change enough to reverse the flow?
Deadly attacks on anti-mining activists in the Philippines part of a global trend, according to new report.
join our mailing list