JR
Well-Known Member
- Joined
- Nov 28, 2002
- Messages
- 31,657
The fundamental law of economics: there's no such thing as a free lunch.
First there were the counterfeit electronics. Then there were the counterfeit prescription drugs. Then there were the massive recalls of children's toys.
Now, there may be problems with almost half a million defective tires manufactured in China.
It's cowboy capitalism over there right now and the fundmamental problem is a scary one: there are no watchdogs.
http://www.nytimes.com/2007/06/27/business/worldbusiness/27tires.html?hp
“This is just the tip of the iceberg,†said Oded Shenkar, a professor of management at Ohio State University and author of “The Chinese Century,†referring to the spate of recalls and problem products from China. “We’re going to see more and more problems with Chinese products because there’s inadequate oversight in the manufacturing process. I’ve even heard about counterfeit car brakes being made there.â€
First there were the counterfeit electronics. Then there were the counterfeit prescription drugs. Then there were the massive recalls of children's toys.
Now, there may be problems with almost half a million defective tires manufactured in China.
It's cowboy capitalism over there right now and the fundmamental problem is a scary one: there are no watchdogs.
http://www.nytimes.com/2007/06/27/business/worldbusiness/27tires.html?hp
“This is just the tip of the iceberg,†said Oded Shenkar, a professor of management at Ohio State University and author of “The Chinese Century,†referring to the spate of recalls and problem products from China. “We’re going to see more and more problems with Chinese products because there’s inadequate oversight in the manufacturing process. I’ve even heard about counterfeit car brakes being made there.â€