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China's toy exports rocket despite recalls: state media
Beijing (AFP) Jan 6, 2008 Exports of Chinese toys rocketed in the first 10 months of last year despite a wave of high-profile recalls of products made by the Asian nation, state media said Sunday. In the period from January to October, China shipped 7.1 billion dollars' worth of toys abroad, an increase of 20.1 percent from the same period a year earlier, the Xinhua news agency reported. It compares to a growth rate of just over six percent in the corresponding period of 2006 from the preceding year, according to Xinhua. Even exports to the United States, which has been rattled by a series of widely publicised recalls, rose 13.3 percent in the first 10 months of 2007 from a year earlier, Xinhua said. China is the world's top toy exporter, selling 22 billion toys overseas in 2006, or 60 percent of the globe's total. However, it came under embarrassing international pressure last year after millions of toys exported to the United States and Europe were found to have dangerous defects. In one of the most high-profile cases, the US toy giant Mattel recalled 18 million toys amid concern over items made with toxic lead paints and magnets that posed a choking risk to children. Community Email This Article Comment On This Article Related Links Global Trade News
Chinese companies mull Rio Tinto options: report
Hong Kong (AFP) Dec 24, 2007China has sanctioned state-owned companies to examine three possible strategies to block BHP Billiton's proposed takeover of mining giant Rio Tinto, a report said Monday. |
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