Fix export engine

It is a pity that Smart Union, a Dongguan-based toymaker, went bust just two weeks before policymakers came to the industry's rescue.

Starting yesterday, the Chinese government raised the export tax rebate on toys from 11 percent to 14 percent, giving a much-needed shot in the arm of struggling toy exporters.

With nearly 7,000 workers laid off overnight, Smart Union's bankruptcy in mid-October seems to be dramatic enough to highlight the mounting pressure on Chinese exporters, especially the labor-intensive ones.