Clevis Slip Hook

Clevis Slip Hook

China's Toy Exports In 2010 Will Continue To Improve The Situation

As the economy gradually pick up, in 2010 China's toy export situation will be improved, including own brand toys exports will be more optimistic about the situation. "Guangdong Toy Association executive vice president of LI Zhuo-ming 10, said in Beijing that China's toy market, export of the most difficult period is over, the domestic market will continue to be concerned about the toy business, the shares will further expand.

    According to reports, by the world financial crisis, China's toy exports last year, amounting to only about 19.83 billion U.S. dollars, down 22.46%, of which Guangdong's toy exports 12.754 billion U.S. dollars, down 25.29%. United States, the European Union, Japan is China's toy exports of the three largest market, last year China's exports to these three regions decreased by 25%, respectively, 5.5%, 16%. However, demand from emerging markets increased rather than decreased, last year China's toy exports to ASEAN increased by 54.7%, exports increased 80 percent to the Middle East. Throughout China's toy exports of processing trade exports fell by 18%, own brand exports rose 32%.

    Experts point out that as the economy pick up, in 2010 toy market will resume growth. The reasons include, first, the performance of last year's Christmas toy market gratifying. Despite the economic crisis to reduce people's spending power, but the relatively low-cost toys as Christmas gifts, Christmas sales performance satisfactory. This increases the confidence of buyers purchasing; 2 is the world's economic recovery, particularly in the expansion of the Mainland China market so bullish and so on toy market.

    It is reported that last year's total output value of China's toy industry is 106.62 billion yuan, down 20.9%, but the domestic market is not affected by financial crises. Domestic demand for toys increased by 10% to 15%, last year, domestic sales amounted to 19.54 billion yuan toys.

    Although the toy market in 2010 compared with last year's optimistic, but LI Zhuo-ming also pointed out that the mainland wages, raw material prices, economic recovery in Europe and America, countries have become increasingly demanding higher standards for toy manufacturers factors, in both the toy production impact.
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