Coronavirus scare starting to hit big manufacturing cities and is definitely going to have a much bigger effect on the global economy. Shantou is one of China’s “Santa’s Workshop” with a huge toy manufacturing base in the Guangdong province.
Guangdong is the most populous province of China and the 15th-largest by area. Its economy is larger than that of any other province in the nation and the 6th largest sub-national economy in the world with a GDP size of 1.47 trillion US dollars (9.73 trillion Chinese yuan) in 2018. — Wikipedia
China is the world’s largest toy manufacturer, producing around 70 percent of the world’s supply. Most of China’s exported toys are produced by OEMs who manufacture for foreign brands. China has numerous toy industry clusters along its affluent east coast. Guangdong province alone produces over half of the world’s toys, with the cities of Dongguan, Foshan, Shantou, and Shenzhen leading the way.
Watch Hasbro and Mattel stock on Monday morning open.
The following is a good primer on the manufacturing clusters in the Guandong province, which includes Shantou.
The section on Shantou starts at about 7:40 minutes in.