kunming log

Can China Reform Itself?

(Will reserve my comments for a future post)

PHONY fertilizer destroys crops. Stores shelves are filled with deodorized rotten eggs, and chemical glucose is passed off as honey. Exports slump when European regulators find dangerous bacteria in packaged meat.

More product safety scandals in China? Not this time. These quality problems prompted a sluggish United States government to tighten food and drug regulation 101 years ago, when President Theodore Roosevelt signed the act that created the Food and Drug Administration.

Like America’s industrializing economy a century ago, China’s is powered by zealous entrepreneurs who sometimes act like pirates. Both countries suffered epidemics of fatal fakes, and both have had regulators who were too inept, corrupt or hamstrung to do much about it.

Source: New York Times

posted by Aki @ 5:33 AM