Monday, August 13, 2007
If it's not Scottish, it's crap!
Or so claimed Mike Myers years ago. Certainly seems to be the case for Chinese-made goods, with luxury hotel toothpaste being the latest recall. For those of you who have lived under a rock for the past month or two, you may not have heard that the CEO of the toymaker associated with lead paint just killed himself. Or that China recently executed their food and drug chief for accepting bribes and approving meds that killed at least 10 people.
For the past year or two several people have been calling out that China's growth rate can't continue like that forever without some major issues along the way. Those issues, namely quality, seem to be coming to the forefront. I believe this is going to cause a major setback to their rapid expansion, and could result in a backlash against "Made in China." On the other hand, as many are finding out, avoiding Chinese products - especially in food - is nearly impossible.
For the past year or two several people have been calling out that China's growth rate can't continue like that forever without some major issues along the way. Those issues, namely quality, seem to be coming to the forefront. I believe this is going to cause a major setback to their rapid expansion, and could result in a backlash against "Made in China." On the other hand, as many are finding out, avoiding Chinese products - especially in food - is nearly impossible.
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1 comments:
Wow, and the bad news for Mattel and Chinese-based toys with lead paint continues to get even worse. Now they may have to do a second recall for an entirely different toy from a different Chinese supplier, for the same problem. This is going to cause a backlash against Chinese goods, to the point where people might start clamoring for legislation and limitation on imports, regardless of the impact it will have on our economy if China pulls its US currency reserves.