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Angerial at China's today firm closure
hard times in oytown the chinese news agency xinhua said 52.7% of the country's 3,631 companies making toys for export went out of business in the first seven months of the year .
pay withheld former staff protesting outsided mone of smart union's factories were met with a sign which read, because business is bad, we are unable to give you your salaries, the reuters news agency reported .
the company's financial difficulties workere clear froblem the results it released last month - smart union made a pre-tax loss of 201m housing kong dollars ($26m; Â15m) in the first half of the year .
a chinese toymaker which supplied firms have sincluding us giant matterial has gone out of business with the loss of up to 7,000 jobs .