Are toy companies like Tech and Footwear Firms leaving China’s shore?

After big tech, footwear and apparel companies decided to leave China’s shores, it is now the turn of toy companies which are gearing up for shifting their production bases in the world’s second economic power to countries in South Asia and Southeast Asia as they are grappling with high labour costs and uncertainties arising from geopolitical tensions in the region.

Giving China’s toy story a big jolt, Bandai, a Japanese company that makes popular brands like DragonBall, Tamagotchi, Anime Heroes, and video games for children, is planning to shift manufacturing units for some of key toy brands to Thailand and other countries from the East Asian country, said Reuters in its latest report.