Arab Today, arab today toymakers aim to buck economic gloom at asia fair
Last Updated : GMT 21:50:52
Arab Today, arab today
Arab Today, arab today

Toymakers aim to buck economic gloom at Asia fair

Arab Today, arab today

Arab Today, arab today Toymakers aim to buck economic gloom at Asia fair

Hong Kong - AFP

A smartphone-controlled robot that fires foam bullets and a model of a tyrannosaurus with real bones are among the attractions drawing the crowds at Asia\'s largest toy show this week. Aiming to shake off the global economic slowdown, about 2,000 exhibitors from 43 countries are displaying their wares at the Hong Kong Toys and Games Fair, the second largest in the world and now in its 38th year. The 30 centimetre (one foot) plastic \"iDroid\" robot sports wraparound glasses that light up when controlled by smartphone systems via Bluetooth. \"The concept came about one day when we were thinking how to incorporate the latest technology with something fun for the kids,\" Eddie Yu, chief marketing officer of the robot\'s maker, Hong Kong-based Globalactive Technology Ltd, told AFP. \"Everyone has a smartphone these days, so naturally we thought it could be used to control a cool toy,\" he said, using his phone to make the robot perform Michael Jackson\'s Moonwalk to the delight of the young audience. At other times it fires a toy machine gun at giggling toddlers, swivelling its mechanical arms. Across the hall, Maja von Hohenzollern, a member of Germany\'s former royal family, was debuting her line of pink princess baby clothing, accessories and furniture. Decked out in a sparkling bright pink dress suit, the blue-eyed blonde said: \"Every girl deserves to feel like a princess -- a real princess.\" \"All the items here are based on the things I used as a child,\" she added. The fair -- the second biggest after the Spielwarenmesse event in Nuremberg, Germany -- runs until Wednesday, and while it\'s all fun and games on the inside, manufacturers are having a tougher time outside. The toy industry, which heavily relies on Chinese factories, has been hit hard by the sluggish US economy and eurozone debt crisis. Hundreds of toy factories in China have shut down since the 2008 financial crisis. Rising labour and raw material costs in China have added to pressures on manufacturers.  Chinese company Shantou Qunsheng Toys used to have more than 5,000 factories in Guangdong province. The company, which makes cheap board games and plastic toys, said production plants are closing down one by one. \"Sales have dropped so much -- about 30-40 percent just last year,\" sales manager Maggie Chen told AFP. \"Business just keeps going down. It\'s pretty bad.\" \"We need to find new markets, outside the US and Europe. Maybe we can find better opportunities in South Africa, South America, the Middle East or Russia.\" For Philippe Rousseau, director of French-based company OID Magic, rising costs at mainland Chinese factories have cut profitability for his company. \"Rising wages and prices of product materials have affected us,\" he said.  Luckily some buyers still have cash to splash. \"People here are willing to spend,\" said local toymaker Calvin Lam. \"We\'ve been experiencing 10-20 percent growth in sales annually.\" But not everyone is in a mood to play -- about a dozen demonstrators caused a stir on the first day of the show on Monday, protesting at what they described as a lack of improvement in working conditions at Chinese toy factories. Waving a giant banner reading \"Toy Un-Fair\", the protesters accused major Chinese toy suppliers to US firms of violating labour rights. \"Excessive overtime hours, poor work safety standards and the lack of social insurance at these factories are only some of the things US companies are turning a blind eye to,\" protester Debbie Chan told AFP.  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today toymakers aim to buck economic gloom at asia fair Arab Today, arab today toymakers aim to buck economic gloom at asia fair

 



Arab Today, arab today
Arab Today, arab today Reveals his participation in "Fashion Star" TV show

GMT 12:49 2017 Wednesday ,01 March

Reveals his participation in "Fashion Star" TV show
Arab Today, arab today Egyptair and Etihad Airways sign partnership

GMT 21:08 2017 Wednesday ,01 March

Egyptair and Etihad Airways sign partnership
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN report confirms war crimes were committed

GMT 20:43 2017 Wednesday ,01 March

UN report confirms war crimes were committed
Arab Today, arab today NUMP's conference to discuss proplems

GMT 13:40 2017 Wednesday ,01 March

NUMP's conference to discuss proplems
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Lasers flesh out dino-bird profile

GMT 12:24 2017 Wednesday ,01 March

Lasers flesh out dino-bird profile
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Final Phantom VII signals end of an era

GMT 14:31 2017 Tuesday ,28 February

Final Phantom VII signals end of an era
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Najla Badr will participate in “30 Days” drama

GMT 06:23 2017 Monday ,27 February

Najla Badr will participate in “30 Days” drama
Arab Today, arab today Humans spark most US wildfires

GMT 14:58 2017 Tuesday ,28 February

Humans spark most US wildfires

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:54 2017 Wednesday ,01 March

Shanghai expands public smoking ban

GMT 10:08 2017 Tuesday ,28 February

As Olympics loom,China plunges into biz

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:27 2017 Wednesday ,01 March

GSMA: 5 billion mobile phone users in 2017

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday