Ways That Are Dark

Summing up recent events in China, 24/7 Wall St. figures that  Problems In China May Be Worse Than They Appear. Author Douglas A. McIntyre recounts the major revelations that have come to light in recent months. Collectively they paint a dark picture of the current situation in China. The troubling events consist of:

1. The Shanghai Composite is down over 15% in the last five weeks.
2. Nearly one-fifth of the sold-in-China products that were studied failed to meet the country’s quality standards.
3. The US has uncovered tainted pet food, toothpaste, and sea food from China.
4. 750,000 people die prematurely in China each year, mainly from air pollution in large cities.

The author sums all this up as:

Taken separately, the issues with product quality, falling stock markets, and acute health problems may not represent substantial cracks in the country’s economic future. But, taken as a whole, they may well spell the onset of a troubled period.

The original post appears at 24/7 Wall St.

This entry was posted on Friday, July 6th, 2007 at 2:00 pm and is filed under Environment, Food Contamination, Product Safety. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.