After the closure of the Smart Union toy factory last week, an industry expert said yesterday that almost half of all toy manufacturers in the Pearl River Delta could go out of business in two years.

“Of the 3,800-odd toy firms in Dongguan, no more than 2,000 are likely to survive the next couple of years.” Based on the rising cost of raw materials, soaring overheads, the slowdown of global market and depreciation of the US dollar, Wang Zhiguang, vice-chairman of the Dongguan Toy Read more…

Popularity: 2% [?]

Dongguan, half, knock, manufacturer, toy

According to a recent survey conducted by the American Chamber of Commerce (AmCham) in Shanghai and consultants Booz Allen Hamilton, costs have climbed so dramatically that about 17 percent of multinational manufacturers in China have decided to shift their operations to other low-cost countries.

As China’s operating environment becomes more competitive and costs increase, multinationals need to Read more…

Popularity: 1% [?]

China, cost, integrate, manufacturer, profitability