Toy brings people joy, but now it has most of the Chinese manufacturers are caught in unprecedented predicament.
In a Large Toys Business failures and unemployment will rise after 6700, it used to be known as the "world's toy capital" city of Dongguan in Guangdong Province over the world seems to become the latest victim of the financial tsunami.
China produced 70% of the toy world, and represented in Dongguan, Guangdong has accounted for 70% of total output value of China's toy. It is feared that as the global market downturn trend continued and intensified, the local and the world's toy giants Mattel and other manufacturers will be closely related to the large number of failures, and thus lead to volatility in the global toy market.
Many factors, but show that this concern may not become a reality, as China Toy Company Most concentrated in an area, Dongguan toy makers and experts said that despite the past six months encountered unprecedented volatility, but the living conditions of local business has stabilized, the number of enterprises out of the export market, large enterprises Trend obviously, the real high standards of corporate management is gaining new life.
"Taking into account the objective factors at home and abroad believe that no large-scale local businesses will close down", the Guangdong Toy Association executive vice president of LI Zhuo-ming said, "but this year the toy industry since the implementation of reform and opening up of China since 1978 , experienced a difficult year for most. "
Draw attention to China's toy industry in Dongguan as well as one of the main events is the closure of Smart Union.
The Hong Kong-listed company in mid-October it suddenly shut down two factories in Dongguan and apply for suspension. This led directly to over 6,700 workers jobless. In order to protect the lives of thousands of workers, the local government has 23 million yuan raised by enterprises to advance the wages owed.
Many people worry that large-scale co-Jun is a sign to show the world's toys Dongguan as well as the largest production base of Guangdong, is gripped by a wave wave of corporate failures; some people worry that China may become the world's toy industry a victim of the market downturn.
This, LI Zhuo-ming flatly denied. He said the co-Jun is more of a chance event, not the so-called "financial tsunami, Chinese business failures the first case."
LI Zhuo-ming said that compared with the market downturn last year, the U.S. implemented the bulk of Chinese toys recall, European and American countries one after another to improve standards for toys imported technology, as well as RMB appreciation, rising raw material prices, labor wage increases, etc., is corporate real difficulties.
Toy is a traditional labor-intensive products. Currently, the world's largest producer of toys, including Games Including the Chinese New Year Toy Exports GDP has more than 20 billion U.S. dollars, U.S., EU and Japan are the main export targets, which the United States alone accounted for more than 20% share. Shi Xiaoguang
China Toy Association, said China's toy exports are mainly close to 8 percent in processing trade, exports of Guangdong is the largest province, but the proportion of processing trade accounted for more than 90%. Although the proportion of general trade increased year by year, but the rate of increase is small.
Yet, when the spectacular has now no longer in. "This year is the Dongguan Toy Industry's 'threshold of life and death'." Generation of toy factory in Dongguan, general manager of Kazakhstan, told reporters emotion Xiaosen Lin Road, "a lot to be eliminated."
Financial crisis the global market downturn exacerbated that trend. Dongguan City, Hai-Tao Jiang, general manager of a small toy company, said in previous years, a few months before Christmas should be the peak season for the toy industry, toy factories were busy nonstop, but it is less than usual this Christmas order by 1 / 3 to 1 / 2 share, just under the Christmas tree, a single volume is reduced more than 3 percent, is expected to fall sharply next year, would toy orders. I am an expert from China Manufacturers, usually analyzes all kind of industries situation, such as general electric gas ranges , 30 single wall oven.
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