The Ministry of Commerce showed its worry on its website yesterday of the thorny issue resulting from India’s practice of limiting the imports from China. It also made the suggestion that India should take a second thought about this action.
It’s reported by the Ministry that India took its stand mainly in three aspects. In the first place, seventeen trade remedy survey have been launched by the Indian government on products imported from China since October 2008. The total amount of all the products Read more…
Popularity: 3% [?]
chance, China, economy, import, India, toy
As the global slowdown hit Chinese toymakers, some toymakers really suffered a lot. But business like Ouyang’s in this toy-making hub in Shantou of Guangdong province has been relatively unscathed.
Exports have dropped only very slightly, Ouyang said, about 30% products of her company cater to the domestic market, while 5% aims to Europe and the US, and the rest goes to Southeast Asia. Read more…
Popularity: 2% [?]
China, crisis, economy, export, Guangdong, Shantou, toy
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: 1% [?]
Dongguan, half, knock, manufacturer, toy
To see part 2
Besides reliable clientele and fine quality, another reason that Cai is so confident is that his company is capable for innovation.
They have enough outstanding designers in overseas and dozens of others doing research and development. “Quite a number of our products are sold overseas carrying the Quanyu trademark,” Cai said. Read more…
Popularity: 1% [?]
China, crisis, economy, export, Guangdong, manufacturing, Shantou, toy
To see part 1
According to Guo Zhuocai, Huawei director and president of the Chenghai Toys Association, the market is to unsteady to be predictable and everything became more expensive.
90% of Huawei’s products, including remote-control toys, electronic dolls and robots are sold to overseas markets. Read more…
Popularity: 2% [?]
China, crisis, economy, export, Guangdong, manufacturing, Shantou, toy
The Ministry of Commerce showed its worry on its website yesterday of the thorny issue resulting from India’s practice of limiting the imports from China. It also made the suggestion that India should take a second thought about this action. 