Recession cuts demand, 4,000 Chinese toy cos closed
More than 4,000 Chinese toy companies closed last year as the global recession cut demand and some countries tightened safety standards.
Toy exports rose 1.8 per cent in 2008, 18.5 percentage points less than the gain in 2007, the official Xinhua News Agency said on Saturday, citing a customs report.
Publication Date:
09/02/2009