Industry News & Information About China's Gifts & Crafts Export in 2008
China's Craft Gifts Exports Amount in the the First Three Months of 2008 Down by 7 Percent over the Previous Corresponding Year. China's US $4-billion craft gifts industry is experiencing a slowdown in export growth rates, as suppliers deal with high raw material and increasing labor costs. Cuts in export tax rebates and the rising value of the yuan are also adding to the pressure. Confronted by these challenges, export sales and volume in 2008 are foreseen to dip or at least remain at current levels.