Invest Skeptically

Some mixed reporting on the China product safety file in yesterday’s New York Times.

• China Resisting Pressure on Product Safety
  “The ’strategic economic dialogue’ begun by Mr. Paulson was meant to obtain greater access to the Chinese market for American goods, services and investments, as well as steps by China to allow its currency to appreciate in value against the dollar, making American goods cheaper there and Chinese exports more expensive for Americans. In return, China got a forum to air grievances with Washington.”
• China Cracks Down on Food Safety Violators
  “Beijing has been moving aggressively in recent months to complete a six-month long campaign to root out fake and substandard food, drugs, toys and other consumer goods, after a year of scandals involving product safety.”