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Wednesday, August 22, 2007

Protectionism

After my last post, there was another scandal about gross Chinese negligence - and I mean gross. Some guy was selling used chopsticks - a half million or so - without even washing them. That sort of underscores what I was saying before about not trusting anything that comes out of China.

But, taking a cue from the Wall Street Journal, China is trying to make this a political - slash - economic issue. Quoting from a Yahoo story:

China has said the world should have faith in the "made-in-China" label and that a spate of product recalls has been unfair, biased and politically motivated.

"No country can guarantee their food to be 100 percent safe, but if one in 100 or even in 1,000 of our products has quality problems, we will deal with it seriously," Commerce Minister Bo Xilai said on Tuesday when meeting former U.S. Secretary of State Madeleine Albright.

"China strongly opposes (some countries) extending individual economic and trade problems, and thus conducting trade protection," Bo said in a report on the ministry's Web site.

Rich Uncle Pennybags, who seemingly writes the editorials for the Wall Street Journal, would probably take his cigar out of his mouth and harrumph agreement. "Let the market take care of this problem! Let the companies selling these products bear the responsibility! Humph! We don't need Big Government getting in on this!"

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