Yuan uncertainty throws toymakers another curveball
Since the Chinese government announced in June that it would cease pegging its yuan to the U.S. dollar, the toy industry has been waiting with bated breath to see exactly how far the revaluation will go. The move initially triggered a relatively minor 2.1% bump, but any steeper increase will have a big impact on manufacturers operating in the region, and this beleaguered bunch is already dealing with rising oil prices and labor shortages.
October 1, 2005
Newsletter
