Industry Overview The toys produced and re-exported in Hong Kong are of excellent design and quality, making Hong Kong, China famous in the global toy industry. Almost all toys exported from Hong Kong, China are made in China. Toys produced by foreign producers using licensed and licensed processing methods account for a large share of Hong Kong's toy exports. Production specifications and product designs are usually provided by the customer. This arrangement is to reduce the risk that local producers must bear when investing in product design, inventory and product promotion. However, Hong Kong producers are increasingly providing customers with expertise in all aspects of design, engineering, modelling, tools, quality control and other professional skills in order to maintain good relationships with high-value buyers and keep abreast of the latest market trends. Industry trends Currently, in order to enhance their competitive advantage and bargaining power over other countries, Hong Kong toy manufacturers are actively seeking low-cost overseas production bases in China and other countries with low production costs such as Vietnam, Indonesia, Malaysia, the Philippines, and Thailand. Toy manufacturers in Hong Kong, China are also seeking to explore emerging markets and actively enter Latin America, Eastern Europe, the Middle East, Russia, and India. Of course, mainland China is rich, and the high-quality toy market for international brands is growing rapidly in China, and Hong Kong-based manufacturers are also taking full advantage of closer economic and trade arrangements to enter this promising market. Therefore, toy manufacturers in Hong Kong, China need to have a different position from their peers in mainland China, from original equipment manufacturing to original design manufacturing and original brand manufacturing, focusing on developing new materials, using the latest technology, stylish design, perfect quality control, establishing international brands, global promotion and promotion, and global supply chain production management, etc., to meet the requirements of target customers. Hong Kong and mainland China are major producers of plush toys. However, Hong Kong, China has other well-developed supporting industries such as electronics, plastics, textiles, and clothing, which can manufacture high-quality toy parts, so that the quality of all kinds of toys can be improved and controlled.
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