GPS News  
Half of China toymakers go bust in 2008: state media

by Staff Writers
Beijing (AFP) Oct 14, 2008
More than half of China's toy exporters have gone bust in 2008, hit by rising production costs, the stronger yuan and tightened safety standards in export markets, state media reported on Tuesday.

A total of 3,631 enterprises that made toys for export, or 52.7 percent of all such businesses, have gone out of business in the first seven months of the year, Xinhua news agency reported.

The businesses were mainly smaller producers with an export value of less than 100,000 dollars, it said, citing a report by the General Administration of Customs.

"Last year was the most difficult time in decades for the Chinese toy industry," Liang Mei, the vice chairman of the China Toy Association, was quoted as saying.

China is the world's largest toy producer and exporter, sending about 17 billion of them to overseas markets in 2007, according to Chinese customs data.

In the first seven months of 2008, China exported 35.3 billion yuan (5.17 billion dollars) worth of toys, up 1.3 percent from the same period in 2007.

However, the growth rate of those exports was 21.8 percent slower than last year, Xinhua said.

It said exports to the United States dropped 5.2 percent to 1.62 billion dollars over that period.

Following a string of overseas product recalls over unsafe Chinese-made toys, some Western export markets have recently tightened up on safety requirements.

The move dealt a blow to many Chinese producers, Liang was quoted as saying, by raising their production costs.

Related Links
The Economy



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


China says Asia-Europe meet to focus on financial crisis
Beijing (AFP) Oct 14, 2008
China said Tuesday that the global financial crisis would be a focus of talks between Asian and European leaders at a key inter-regional forum to be held in Beijing later this month.







  • Researchers Scientists Perform High Altitude Experiments
  • Airbus expecting 'large' China order by early 2009: CEO
  • Airbus globalises production with China plant
  • Safer Skies For The Flying Public

  • Software thwarts mobile phone chatting while driving
  • Beijing's new traffic rules fail to curb gridlock, pollution
  • CarTel Personalizes Commutes By Using Wifi To Network Cars
  • Promising New Material That Could Improve Gas Mileage

  • LockMart Delivers Key Hardware For US Navy's Mobile User Objective System
  • Boeing JTRS GMR Engineering Model Enters New Test Phase
  • Raytheon Reaches Milestone On Critical Communications Capability
  • Raytheon Awarded First Phase Of Integrated Battle Command System

  • BMD Focus: Sineva launch success
  • BMD Focus: Russia may not sell Iran S-300s
  • BMD Watch: BrahMos ALCM planned
  • Russia Eyes New Customers For Iskander E Missile

  • Developing Wireless Soil Sensors To Improve Farming
  • China announces biggest bust in milk scandal
  • Horizons '08 - Agriculture's Future: Value Or Volume
  • China more than triples figure for children hospitalised over milk

  • Mexico prepares shelters ahead of Hurricane Norbert
  • Six dead in China landslide: state media
  • Portable Imaging System Will Help Disaster Response
  • Disasters kill more in 2008 than in tsunami: UN

  • MSV Awarded Patents For Next-Gen Satellite-Terrestrial Comms Network
  • Youngsters Flying High After Winning Top UK Space Competition
  • Theory Explains Mysterious Nature Of Glass
  • Coating may mean sleeker planes

  • VIPeR Robot Demonstrates Exceptional Agility
  • iRobot Receives Order From TARDEC For iRobot Warrior 700
  • iRobot Awarded US Army Contract For Robotic Systems
  • Robots Learn To Follow

  • The content herein, unless otherwise known to be public domain, are Copyright Space.TV Corporation. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space.TV Corp on any Web page published or hosted by Space.TV Corp. Privacy Statement