News

Near half China toy manufactures shut down amid global meltdown 2/9/09

China Customs reported the number of China toy manufacturers with export licenses have been reduced from 8610 to 4388 in 2008, a 49% reduction.  Toy exports grew marginally by 1.8 per cent to $8.6 billion in 2008.

December 15th, 2008

EU will revoke favorable tariff for footwear imported from Vietnam effective January 1, 2009.  Exports of Vietnamese leather shoes to the EU will also be subject to a 10 percent anti-dumping tariff for an extra 12 to 15 months.

Leather shoes export from Vietnam are predicted to decrease by 20-30% in 2009 year due to the global economic crisis.

However, the EU remains Vietnamís biggest shoe export market. Due to the current difficulties, the industry can target a growth rate of only 10%, or about US$5 billion, in 2009.

 
Nov. 2, 2007
Despite weak dollar, US imported $21 billion goods from China in Oct. 07, a 15.5% increase from 2006.
 
Oct. 12, 2007
China Quality Administration has suspended or revoked 1074 toy manufacturers' export license since Aug. 07.
 
Jun. 15, 2006
Steel nails from China under investigation, possible tariff hike.


 
 
 
Exchange Rates and Raw Materials Pricing
1 US$=6.83RMB

1  US$=33.7TW$

1 US$=34.9Bahts

1 US$=1395Wons

Aluminum ingot price in China is 11,630RMB/MT in Jan. 2009, down from 20,000RMB/MT in 2008.