According to this article, “world’s biggest exporter faces a global crisis of confidence as scandals grow over the quality of many of its goods.” From The Guardian:
China is facing a global crisis of consumer confidence as the country’s food safety watchdog acknowledged this week that almost a fifth of the domestic products it inspects fail to reach minimum standards. Following a number of contamination scandals in the US, the world’s biggest exporter is struggling to prove that it can match quality with quantity.
In the first half of 2007, 19.1% of products made for domestic consumption were found to be substandard, the General Administration of Quality Supervision, Inspection and Quarantine said in a statement on Tuesday. Among products made by small firms, the failure rate was nearly 30%. [Full Text]
Here is CNN’s report and video on this issue.
More about this topic on the Web, via Google News.
