Guangdong toymakers down but not out, association says

GUANGZHOU: Even though the toy-manufacturing industry is going through a rough patch in the wake of the global financial crisis, most enterprises in Guangdong province will manage to survive the recession, an official of the toy association here said yesterday.

"Guangdong's toy industry has been weathering hard times over the past couple of years, and it's going to get worse this year," Li Zhuoming, vice-chairman of the Guangdong Toy Association, said.

"However, I don't think enterprises will collapse one after another," he said.