While most parents and children are looking forward to Christmas later this month, Hong Kong's toy manufacturers are looking forward to Christmas next year.
While most parents and children are looking forward to Christmas later this month, Hong Kong's toy manufacturers are looking forward to Christmas next year. As far as they are concerned, christmas 1970 ended a few months ago when the last of the exports for the overseas Christmas market left Hong Kong --- one of the world's biggest toy-producing countries. On December 25 children in most continents are likely to find something in their stocking marked "Made in Hong Kong".
Hong Kong specialises in cheap plastic and metal toys. The more expensive and sophisticated toys are usually left to European and American factories.
There is little of the Christmas spirit of benevolence among some of Hong Kong's toy kings. There are more than 200 factories turning out anything from plastic ducks to locomotives, and a resulting fierce competition for world markets.
Now they are facing even greater competition from non-capitalist rivals in neighbouring China. Chinese factories have been turning out even cheaper toys which have found a ready market in Hong Kong. Many of the Chinese toys have a military flavour. One, for example, shows a soldier of the People's Liberation Army firing the AK-47 sub-machine-gun which is much favoured by the Vietcong.