More Chinese woe

Concerns heighten as China?s consumer prices hit 11-year high.
Publish date:
Social count:

China could start exporting inflation, after consumer prices hit an 11-year high last month, signalling an end to the days of ultra-cheap Chinese goods.

Rising costs of fuel, food and raw materials are forcing some Chinese manufacturers to raise prices for their goods.

"We are taking for granted that China will provide cheap products forever. But I think we are probably about to see the end of an era," said Dong Tao, an economist with Credit Suisse in Hong Kong.

"China is exporting inflation in a big way. The rest of the world will feel that."

The Chinese currency continues to appreciate, with Morgan Stanley predicting it could increase by as much as ten per cent this year. Labour costs continue to increase as well.

Last month’s snow storms have proved a major disruption, exacerbating shortage of food and fuel and disrupting transport and power.

Stanley Lau, deputy chairman of the Federation of Hong Kong Industries said: "There are about 70,000 factories in the Pearl River Delta today. Many of them are talking about reducing their workforce or even shutting down. We expect more than ten per cent of these factories will be closed in a year or two."



Chinese to sue Mattel?

Reports from China say that the government of Guangdong Province may help local manufacturers file a lawsuit against Mattel.


Chinese hit back

Chinese manufacturers hit back saying designers and importers should also take responsibility for safety.

Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.


UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.