blogs  
 
yournews
   
 
Video Photos Finance Travel Weather Discussion TV Shows
| |
 
  Home ›
 
Business News

 

China toy exports rebound before Christmas
Posted: 29 November 2007 0149 hrs

  A woman looks at stuffed toys at a supermarket in Chengdu.
 
Photos  of

   
 
Related News
Chinese product safety issues set to rise: Mandelson
EU sees China making progress on dangerous toys crackdown
China objects to 'slander' after Clinton blasts toy exports


SHANGHAI : China's most important toy manufacturing base has seen exports soar ahead of the Christmas retail season despite a spate of safety-related recalls this year, state media reported on Wednesday.

The value of toys exported from the southern business hub of Guangdong province jumped 27.6 percent in October after slipping 5.4 percent in the previous month, the official Xinhua agency reported, citing local customs data.

The increase was spurred by strong demand for the holiday season, indicating that the litany of recalls over China-made toys have had a limited impact, the report said.

Hundreds of toy factories in Guangdong had their licences revoked in October after a safety sweep aimed at rejuvenating the damaged "Made-in-China" label turned up thousands of quality problems.

Over the past few months China has come under strong international pressure after millions of toys exported to the United States and Europe proved to have dangerous defects.

China is the world's top toy exporter, selling 22 billion toys overseas last year, or 60 percent of the globe's total.

But the toy industry was only one of a range of sectors that came under the spotlight amid international safety recalls ranging from toothpaste and seafood to tyres and candy.

In one of the highest-profile cases, US toy giant Mattel recalled 18 million toys in August, amid concern the toys had been made with toxic lead paints and magnets that posed a choking risk to children.

Mattel later apologised, saying the vast majority of those recalls were due to its own design flaws, rather than because of problems with manufacturers.

Nevertheless, the recalls of Chinese-made toys have continued in the United States, with US authorities earlier this month recalling 440,000 action figures, including 43,000 sets of plastic teeth used in Halloween costumes.

In the first 10 months, Guangdong exported US$4.94 billion of toys, up 22.9 percent over the same period last year, of which 79 percent went to the United States and the European Union.

Guangdong is widely known as China's toy export base. According to the latest industry figures, the province exported US$11.9 billion worth of toys in 2005. - AFP/de

 


Other business News
Eurozone sets conditions for Greek bailout
Australian central bank cuts growth forecasts
China releases Jan trade data
Asian markets slip on Greece bailout fears
Flights back to normal Friday after strike: Air France
Barclays bank reveals drop in profits, cuts bonuses
Hong Kong faces labour shortage
M'sia trade expected to grow at slower pace
Euro edges up as Greece inks reform deal
US stocks gain on Greece, bank mortgage deal
Oil prices rise on Greek deal
Eurozone stalls Greek cash aid pending new conditions
Banks agree US$25b deal for US homeowners
China says January exports expected to have dropped
Greece says agreement reached on austerity measures: ECB
ECB holds key interest rate steady at 1.0%
OPEC cuts 2012 oil demand forecast
China's January inflation hits 3-month high
Spain's economy to worsen in Q1
Indonesia cuts interest rate to record low
Malaysia sees record trade in 2011
Rio Tinto earnings down 59% on aluminium write-down
Asia stocks mixed on Greek fears, China inflation

 

 
Affiliate Sites:
 
About Us  |  Contact Us  |  Advertise with Us  |  Terms & Conditions