”Made in China” Ping.
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Posted on 10/13/2007 7:05:39 PM PDT by JACKRUSSELL
(SHANGHAI) — Despite a wave of high-profile recalls, and growing scrutiny of the quality and safety of Chinese goods, China’s export boom continues, according to newly released statistics from both independent analysts and the government in Beijing.
China said Friday that it exported $878 billion worth of goods in the first nine months of 2007, up 27 percent from the period last year, when Chinese exports posted record volume......
......“Forty million toys may be bad for dozens of toy makers in Dongguan,” said Dong Tao, an economist at Credit Suisse, referring to one of southern China’s toy-making centers. “But that’s small potatoes for China’s over $1 trillion a year of exports.”
China’s trade surplus with the rest of the world has already ballooned to $187 billion through September of this year, up from about $177.5 billion for all of 2006, and much of the gains have come in trade with the United States and the European Union.
Even in categories hit by high-profile recalls this year, like food and toys, exports rose sharply, according to data compiled by Global Trade Information Services, based in Columbia, S.C.
Through August, China’s food and agriculture exports to the United States were up 27 percent over last year, to about $2.5 billion. And global exports of Chinese-made toys jumped 18 percent, to about $16 billion, during the period, despite a series of recalls of lead-tainted toys by Mattel Inc., the world’s largest toy company.
(Excerpt) Read more at nytimes.com ...
It’s all about the children, got to have presents for the children on Christmas morn. We will worry about the lead later. I mean, after all, under Clinton’s socialized medical plan all our children’s medical needs will be met in a timely fashion.
I think Christmas buying (orders from US retailers to China) would have taken place long before the recalls....so it may be interesting to see what the MARKDOWNS are this year on MADE in CHINA stuff....
Good point.
I read that distrust of toys from China has initiated an increase in orders for American toys that manufacturers are having a hard time keeping up with.
We are just going to have to individually tighten the old belt and examine each purchase for the Made in China label and place it back on the shelf.
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