SHANGHAI, Dec 20, 2006 (AFP) – As children around the globe unwrap Christmas presents with “made in China” labels, some toymakers here are turning their attention to a new and potentially lucrative market — their own.
buy grifulvin online buy grifulvin online no prescription
For nearly 20 years, China’s 20,000 domestic factories have served as the elves of Santa Claus’s workshop, exporting a remarkable 70 percent of the world’s toys, worth nearly 16 billion dollars last year.
buy symbicort online buy symbicort online no prescription
But demand from China’s increasingly flush middle class is creating a home market that is expected to grow at 40 percent a year and total about 12.5 billion dollars by 2010, according to consulting group chinaIRN.com.
“As income levels have risen, families have recognised the benefit of toys in a child’s healthy development, sparking a swift rise” in the growth of the domestic market, it said in a 2006 report.
The potential for a toy boom at home comes as no surprise to Haixin Group, China’s only listed toy group, which began adjusting its domestic marketing strategy for its four companies a couple of years ago.
“As competition has become fiercer, the profit margins in exports have fallen more,” Ma Junxian, vice general manager of Haixin Group subsidiary Shanghai Haixin Toys