www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Economy

Markets

Industries

Insights

Reports

Events

China toy export growth slows as global demand shrinks

(Xinhua)
Updated: 2008-12-19 11:04

Special coverage: Coping with Financial Crisis

Related readings:  Toy factory dispute settled  50% of toy firms 'gone in 2 years'  Thousands of toy makers laid off  City's toy maker collapses amid crisis

China's toy exports have been hurt by the global financial crisis, with growth slowing substantially, the General Administration of Customs said on Friday.

Between January and October, China exported $7.34 billion worth of toys, up 3.7 percent year-on-year. The growth rate was 16.6 percentage points lower than the year-earlier level.

Lingering pressure from safety-related product recalls last year also constrained growth, Customs said.

Of the total, 71.3 percent, or $5.23 billion, was accounted for by export powerhouse Guangdong province, up 5.6 percent. Another $710 million worth and $510 million worth was accounted for by Jiangsu and Zhejiang provinces, respectively, up 3 percent and 10.6 percent. Shanghai exported $360 million worth of toys, down 14.1 percent.

Foreign-funded companies accounted for 47.2 percent of exports, with sales of $3.47 billion, up 4.4 percent.

The United States and European Union were the major markets for Chinese toys.