– Sales volume in the Chinese domestic toy market in 2017, increased by 16.2% compared to the previous year and exceeded, and 64.6 billion yuan ($10 billion), announced the China Association of toys and products for children.
According to the Xinhua news Agency, spending on toys per child under the age of 12 years averaged 276,8 yuan, 14.5% more than in 2016.
Sales of baby strollers increased by 16.8% to 12.4 billion yuan, of car seats – by 24.1%, to 4.34 billion yuan, bottles for feeding – 20% to 4.92 billion yuan.
The head of the China Association of toys and children’s goods Liang Mei noted that a significant increase in revenues from the sale of these products demonstrated the increase of competitive advantages of Chinese manufacturers thanks to the modernization of the industry.
China is the world’s largest producer and exporter of toys. There are more than 10 thousand enterprises producing toys that provide work for more than 6 million people.
Follow us on Yandex.The news