Archive for the ‘Chinese exports’ Category

US recession may not take big toll on China: experts

January 9, 2008
By P. Parameswaran 

WASHINGTON (AFP) – A US recession will dampen China‘s surging exports but the impact on the world’s most populous nation, which is taking steps to cool down a red-hot economy, may be limited, experts say.

But they also cautioned that Beijing must be prepared to face protectionist trade policies from Washington as a result of a recession, with the sub-prime mortgage crisis and the credit rout showing little sign of easing.

Many experts believe there is a greater than a 50 percent likelihood of the United States, a huge absorber of Chinese exports, plunging into at least a short, shallow recession over the next 18 months or so.

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China Calls Toy Recall ‘Responsible’ But Doesn’t Itself Take Responsibility

August 23, 2007

By AUDRA ANG, Associated Press

BEIJING – China on Thursday said a global recall of millions of its toys was the responsible thing to do, but said that was the result of new industry standards — not poor quality.

Meanwhile, a Cabinet-level panel announced the launch of a nationwide safety campaign focused on food and drugs, as well as increased monitoring of exports. The measures underscored government efforts to win back consumer confidence.

Earlier this month, Mattel Inc. recalled almost 19 million Chinese-made items around the world including dolls, cars and action figures. Some were contaminated with lead paint….

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