Industry Overview The excellent design and quality of toys produced and re-exported in Hong Kong has made Hong Kong, China famous in the global toy industry. Almost all toys exported from Hong Kong are made in China. Toys produced by licensed and licensed processing methods for foreign producers 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 designed to reduce the risks that local producers must bear when investing in product design, inventory, and 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 looking for low-cost overseas production sites in China and other low production cost countries such as Vietnam, Indonesia, Malaysia, the Philippines, and Thailand. Toy manufacturers in Hong Kong, China are also striving to explore emerging markets, actively entering Latin America, Eastern Europe, the Middle East, Russia, and India. Of course, mainland China is rich in goods, and the market for high-quality toys of international brands is growing rapidly in China, and Hong Kong-based producers are also making full use of the advantages 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, moving from original equipment manufacturing to original design and manufacturing under the original brand, focusing on developing new materials, production using the latest technology, fashion design, perfect quality control, establishing international brands, global publicity and promotion, and global supply chain production management to meet the requirements of target customers. Hong Kong, China and mainland China are the main producers of plush toys. However, Hong Kong, China has other well-developed supporting industries, such as the electronics, plastics, textile and garment industries, 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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