The Christian Science Monitor looks at one of the consequences of new regulations governing Chinese food exports:
Soon, price hikes are expected to hit anyone who ventures into a Chinese restaurant, thanks to the soaring prices of ingredients imported from China.That’s the unexpected fallout from China’s crackdown following scandals involving tainted food exports.
As of Sept. 1, the central government there has stepped-up inspections of food exports, raised fees, and instituted new licensing procedures. Chinese food manufacturers have to file for licenses, and exporters have to obtain certificates of approval from several government agencies. The extra inspection fees and administrative delays, which boost storage costs, are beginning to ripple throughout the world. [Full text]
[Image: A supermarket in New York Chinatown, via Christian Science Monitor]
