The 4c students may recall on Thursday, while we were looking at factors which can shift a supply curve, I mentioned how Chinese toy exporters were being put under so much strain that half of them have gone bust in 2008. The reasons behind the failures are weaker demand from the US, a stronger Chinese currency and tougher safety standards.
Here's the BBC news report on it.
If you'd prefer to read the report, it's here.
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