No day passes by and another food scandal has hit the headlines. China’s consumers urgently need protections from a FDA-style super-agency if the government wants to prevent more social unrest, tells business analyst Shaun Rein in NPR’s Marketplace.
NPR’s Marketplace:
Shaun Rein, author of The End of Cheap China, says creating a “super agency” is essential to restore consumer confidence and address the current risks.
“Otherwise, the government is going to face severe social instability and dissatisfaction in the coming five years,” says Rein. “People have the money, they have the education, and they’re no longer willing to accept it.”
More and more middle class Chinese are buying imported milk formula, imported vaccinations for their kids, and imported food — good news for American companies exporting food to China, but not so much for domestic companies.
Rein says a new Chinese equivalent to the FDA comes partly in response to falling revenue for domestic brands.
Shaun Rein is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers’ request form.
Not only food security, pollution is haunting China’s politician. The China Weekly Hangout discussed in January with Richard Brubaker of AllRoadsLeadtoChina and CEIBS the state of China’s pollution. Moderator: Fons Tuinstra of the China Speakers Bureau.
How are China’s media doing in Africa? That is the question the China Weekly Hangout is asking itself coming Thursday, March 7, in a first session on China’s international politics. We will be joined by Eric Olander of the China Africa Project, and other guests. You can read our announcement here, or register directly to participate on our event page.
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