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China sees nearly 5.3M toy firms

BEIJING (XINHUA) – China currently has 5.27 million toy-related companies, according to data from database query platform

Among them, 83 per cent were established within five years, and over 55 per cent are individually-owned businesses, showed the data.

South China’s Guangdong Province has the largest number of toy-related enterprises, exceeding 590,000, followed by Zhejiang and Shaanxi.

Last year, the number of newly registered toy firms hit 1.73 million, a record high.

Over 100,000 toy-related companies were registered this year as of yesterday, equivalent to more than 2,700 companies established per day on average.