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China: the world's toy makers.

Publication: Plastics News
Publication Date: 19-DEC-05
Format: Online
Delivery: Immediate Online Access
Full Article Title: China: the world's toy makers.(low labor costs, value of Yuan)

Article Excerpt
Byline: Michael Lauzon

They comprise a million-plus workforce. They run injection molding machines, paint doll faces, sew, stitch and assemble. They are China's toy makers to the world and they continue to gobble market share.

China's toy industry boosted shipments to the United by a...

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...States 15 percent for the first nine months of the year, according to data published by the U.S. International Trade Commission. That means China is on track to export some $19 billion worth of toys and related festive articles to the United States this year.

China has been major toy producer for years, especially in the southeast part of the country in the Pearl Delta area. But its importance is becoming more entrenched as global toy companies try to cut labor costs when faced with higher costs for plastics and energy.

Retailers also put pressure on toy makers, according to Frank Clarke, a spokesman for the New York-based Toy Industry Association. Like most other consumer goods, toys are increasingly sold through mass merchandisers that demand the lowest possible sticker price.

"Retailers force prices down. It's relentless,'' Clarke said in a recent telephone interview. "It...

NOTE: All illustrations and photos have been removed from this article.



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