Christmas Season Helped Boost Chinese Toy Exports
To the relief of several Chinese toy exporters, western shoppers have loosened their wallets in time for the Christmas rush this year. During this year;s overseas demand for toys is stronger compared to the past few years as the economy Europe and America is slowly regaining its strength.
One toy company in Shandong Province saw a 5- percent increase in the orders for Christmas toys this year in which the produced toys were exported to France and Germany. Factories in eastern and southern Chinese provinces are considered the main workshop for Christmas presents in the world. Figures have shown that the toy being exported from China has increase by 6.2 percent on a year on year for the first three quarters of 2013 or roughly US$ 8 billion. And from August to November every year toy makers are busy making toys and gadgets in order to meet from western countries in time for the Christmas season.
The U.S. economy is fast growing at a pace of 4 percent the fastest in two years plus the European economy is also gaining growth in the third quarter. Meanwhile in Guangdong were around 70 percent of the toy exports are produced. Latest figures showed that exports of Christmas necessities ranging from trinkets, toys and clothes has increase by 68 percent year on year.