China's toy capital aims for bigger success
China News
May 8, 2023
From design and beta-testing, to manufacturing and shipping, Chenghai District in south China’s Shantou City is called the country’s toy capital for a reason. The more than 50,000 toy companies here account for about half of China’s domestic toy production, and more than 30 percent of the world’s. The annual output value of the local toy industry topped six billion U.S. dollars in 2021 and in a few years’ time, authorities are betting it will double to more than 14 billion.