Tag: Scandals

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The Shanghai Cord Blood Scandal

From Caijing Magazine: On 14 December 2005, Lu Yi signed an agreement with Shanghai Cord Blood Bank , under the terms of which the bank would store umbilical cord blood of her soon-to-be-born daughter for twenty years in exchange for a one-time fee of 16,060 yuan. Cord blood banks collect, process and store hematopoietic stem cells taken from umbilical cord blood at the time a mother gives birth for