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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: China's toy exports hit by global crisis: state media AFP - 2 hours 16 minutes ago BEIJING (AFP) - - China's toy exports have taken a beating from the global financial crisis, with demand shrinking in the key US and European markets, state media reported Sunday. In the period from January to November of last year, China's shipments of toys abroad totalled eight billion dollars, an increase of just 2.5 percent from the same period a year earlier, the People's Daily said on its website. This compares with the first 11 months of 2007, when toy exports had increased by a blistering 20.3 percent, the paper said, citing customs authorities. In November alone, toy exports declined 8.6 percent from the same month a year earlier, according to the paper. Registered toy exporters plunged by nearly half last year to 4,211, the paper said, reflecting how weakening overseas demand is wreaking havoc on China's domestic economy. The paper quoted customs officials as saying that apart from the global slowdown, toy exports had also been impacted by a series of recent product quality scandals. For example, in mid-2007, US importers of Chinese toys issued recalls after some were found to be coated with toxic lead paint. Similar products were later banned in several countries. The paper said that the United States and the European Union account for two thirds of China's toy exports. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy Europe had "catastrophic" 4th quarter: EU VerheugenReuters - 24 minutes ago Detroit auto show opensAFP - 1 hour 23 minutes ago China's toy exports hit by global crisis: state mediaAFP - 2 hours 16 minutes ago Taiwan hands out $2.5 billion in spending vouchersAP - Sunday, January 18 Related Articles: Business US-BUSINESS SummaryReuters - 24 minutes ago Europe had "catastrophic" 4th quarter: EU VerheugenReuters - 24 minutes ago India PM sees econ growth under pressure in 2009/10-paperReuters - 47 minutes ago Detroit auto show opensAFP - 1 hour 23 minutes ago Malaysia government stumbles to another poll defeatReuters - 2 hours 9 minutes ago Enlarge Photo China's toy exports hit by global crisis: state media Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Zimbabwe unveils $100 trillion banknote 'Dogs don't wear condoms,' says Baywatch star Anderson Boy George jailed for 15 months for imprisoning escort Israel prepares for ceasefire vote amid Hamas warning Hormone drives sexy women to infidelity, says study View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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