Mumbai: Export demand for toys from China's Guangdong Province, a major base for the toy-making industry, has increased despite a spate of recalls in the US and Europe earlier this year, customs authorities said.
While the value of toys exported from the southern Chinese province of Guangdong is down 5.4 per cent in September compared to the same period last year, the October figures show an year-on-year increase of 27.6 per cent, according to latest customs data.
The increase was spurred by rising demands in the Christmas retail season. Also, the toy recalls by the US toy company, Mattel Inc. since summer over lead-contaminated surface paint, has had only limited impact on China's toy exports.
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In the first ten months of the current year, Guangdong exported toys worth $4.94 billion, up 22.9 percent from the same period last year. About $3.92 billion, or 79 per cent of the total were exported to the US and the EU.
The Information Company
http://www.domain-b.com/economy/general/2007/20071129_export.htmPosting article in GD because I am not sure The Information Company site is a valid LBN source.
Surprising news.