With the news that China's plush toys that continue to be fermented are heavily recalled, our news has been renewed. Recently, the recall of Chinese plush toys has made new progress. According to the survey, the Chinese Vice Minister of Commerce introduced the use of this incident. Deliberately destroying the reputation of Chinese companies is really abhorrent.
Yesterday, Vice Minister of Commerce Gao Hucheng introduced at the press conference held by the State New Office. Since June this year, the US company has recalled more than 21 million toys produced in China in three large-scale recalls. There are 3 million problems, accounting for 14% of the total number of recalls. The remaining 18.2 million items were renewed by dealers voluntarily according to the new standards. These toys were mainly toys that were produced and sold before 2007 and were in compliance with American standards. This is a move that is responsible for consumers, especially children, and strictly speaking, it is not directly related to the origin and quality of the toys.
Gao Hucheng said that in response to the toy recall incident, individual media disregarded the facts and used partiality. This deliberate speculation and exaggeration are unacceptable to China and are resolutely opposed.
Wang Chao, assistant to the Minister of Commerce, said that many factors in the world are involved in the Chinese manufacturing sector. In fact, Chinese manufacturing is the world's manufacturing. If China’s manufacturing is damaged, in a certain sense, countries around the world can be said to have suffered some damage. According to the data provided by the Ministry of Commerce, more than 50% of the trade methods manufactured in China are processing trade, and processing trade products are produced according to the requirements of foreign orderers and international standards. From the perspective of export entities, more than 58% of the products are exported by foreign-funded enterprises.
Last year, the global toy trade was $15.7 billion, of which China exported $7 billion, accounting for 45% of the global toy trade.
From January to July this year, China’s toy exports were US$4.1 billion, up 24% from the same period last year, and US exports to the US were US$1.7 billion.
China currently has the world's largest toy manufacturing base in China's Pearl River Delta and Yangtze River Delta Jiangsu and Zhejiang. According to statistics, nearly 8,000 production companies are producing toys. The total sales value achieved last year was 150 billion yuan in sales value, and the employed population exceeded 3 million. Of the $7 billion in global exports last year, exports to the United States were $3.2 billion.
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