Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Company

Global toy giant eyes huge child play potential in Chinese market

October 16, 2023


Abstract : Global toy giant LEGO is seeking to unlock the huge child play potential in the Chinese market with its sixth presence at the upcoming China International Import Expo (CIIE).

BEIJING, Oct. 15 (Xinhua) -- Global toy giant LEGO is seeking to unlock the huge child play potential in the Chinese market with its sixth presence at the upcoming China International Import Expo (CIIE).

A recent LEGO global survey including some 1,000 respondents from the Chinese mainland showed that Chinese children only spend about 6 hours a week on playing on average, accounting for less than 2 percent of the total amount of time in a week.

Meanwhile, more than 90 percent of the surveyed parents recognized the power of play in helping their child develop skills.

To tap this growing market potential, the company plans to highlight the role of play in shaping a child's confidence, cognitive abilities and overall wellbeing at the sixth CIIE.

"We have been active in seizing the market opportunities provided by the CIIE by offering the latest quality products and play experience to Chinese consumers," said Paul Huang, senior vice president of the LEGO Group and general manager of LEGO China.

"It's a manifestation of our long-term commitment to the Chinese market which we will continue exploring," Huang added.

The sixth CIIE is scheduled to take place in Shanghai from Nov. 5 to 10. Among the 3,000 global companies participating this year, approximately 200 companies have signed up for six consecutive years since its inception, while around 400 companies are returning to the expo after a gap of more than two years.

Official data showed that China's imports have continued to maintain sound momentum, with import volume expanding quarter by quarter this year. China has been the world's second largest import market for 14 consecutive years.

Scan the QR code and push it to your mobile phone

Keyword: CIIE Chinese market LEGO

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial