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Trade war

Chinese toymakers shift overseas as trade war bites

Factory rents in Vietnam surge on rising demand for space

China produces 80% of the world's toys, but manufacturers are growing concerned about the ongoing trade war. (Getty Images)

HONG KONG -- Toymakers are stepping up efforts to diversify beyond China to combat rising costs and the looming possibility that the U.S., the industry's biggest buyer, will impose punishing tariffs on toy imports.

Vicky Tong, a director at the Business Association of China in Vietnam, said the office responsible for Guangdong, where many Chinese toymakers are based, saw a near trebling of visits last year from companies looking for production facilities in the country.

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