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Skimming through Toy Market of Nanning
Author: LIANG HANKUN  Post Date: 2008-03-14

Nanning is the capital city of Guangxi Zhuang Autonomous Region and the population is 6,595,400 and the urban population is 2,490,000. According to the statistics of the local government, in 2007, the average governable income of Nanning’s urban and town residents is estimated to two-digit increase and is up to 11,877 Yuan, increased by 16.52% compared with the same period of 2006. It is the biggest growth in recent years. The rapid increase of people’s income is beneficial to the future sale in toy market.

Economy of Nanning is developed and the highly centralized commercial areas shape a relatively famous commercial circle. For example, the Walking Street, Wanda Commercial Plaza, Xinhua Street, New Peace Department Store, Chaoyang Road, Wuxiang Square and Qixing Road, these commercial circles are very busy on holidays. The most famous wholesale market in Nanning is Nanning Trading Market. Just like many other cities, the retail channels of toy in Nanning are now focusing on department stores and supermarkets. The sold toys are mostly from other places in the country, especially Guangdong. The people from Nanning toy industry tells the TOY INDUSTRY that usually, toys under 80 Yuan are sold well in Nanning and the high price toy of 2,000—3,000 Yuan can be sold well too.

It is worth noting that: Nanning is located in the mid-west of Guangxi Province and is the transport hub of the three economic circles, involving Southwest China’s economic circle, South China coastal economical circle and ASEAN free trade zone. It has the regional advantages of both-way communication between China and the ASEAN. Last year, tourists were over 20 million and the market potential for future developing is very huge. █

 
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