Customers select Christmas ornaments in Yiwu City of east China's Zhejiang Province, on Nov. 23, 2010. Yiwu is a national circulation center and international procurement base for petty commodities in China. As the world gets ready to celebrate the West's biggest festival, Christmas, next month, Chinese toymakers are not so cheery, as the appreciation of Chinese currency Yuan crimps their already paper-thin profits. Around 80 percent of the world's Christmas toys, trees and decorations are churned out of factories in southern China. Despite the huge market share, Chinese manufacturers are still struggling to break even as the yuan appreciates and the cost of labor and materials rise. [Xinhua]

A staff member sorts Christmas ornaments in Yiwu City of east China's Zhejiang Province, on Nov. 22, 2010. Yiwu is a national circulation center and international procurement base for petty commodities in China. As the world gets ready to celebrate the West's biggest festival, Christmas, next month, Chinese toymakers are not so cheery, as the appreciation of Chinese currency Yuan crimps their already paper-thin profits. Around 80 percent of the world's Christmas toys, trees and decorations are churned out of factories in southern China. Despite the huge market share, Chinese manufacturers are still struggling to break even as the yuan appreciates and the cost of labor and materials rise. [Xinhua]