| Until recently Zheng Xiaou was head of
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| | that are now making headlines on a weekly
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| the State Food and Drugs Administration
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| | basis. From pet foods to tainted
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| for China. He was arrested in May, and
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| | poisonous toothpaste, China has problems
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| charged with being responsible for the
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| | across the board. Tires have been
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| sale of six different medicines
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| | manufactured lacking normal safety
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| manufactured in China. These same six
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| | features. Other problems have included
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| medicines were fakes. The sales took
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| | milk powder being faked. Several babies
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| place during Zheng's six years as the
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| | died as a result of its consumption. They
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| head of the department. One of the
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| | even used a cancer-causing dye for the
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| medicines was a gall bladder medication.
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| | coloring of egg yolks. Coupled with these
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| It contained inappropriate ingredients.
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| | product safety issues is an inflexible
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| It was consequently established that
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| | political system still based on communist
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| several people (five) died as a result of
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| | ideology? This cannot continue
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| using the pills. Unlike many other
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| | indefinitely. No economic system in
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| countries, a figure like Zheng Xiaou
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| | history can go through rapid economic
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| would be arrested, given a trial that
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| | growth and at the same time maintain an
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| would take five years, and then perhaps
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| | inflexible political system, not based on
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| spend some time in prison. In China he
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| | the rule of law. It has never happened
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| was executed a couple of weeks ago, less
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| | before, and it is not going to work now.
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| than 2 months after his arrest. Zheng was
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| | What's News HERE is not News in China!!!
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| convicted of taking over $800,000 in
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| | The problems taking place in China are
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| brides from eight different
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| | not news to those living in China. These
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| pharmaceutical companies. What's
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| | issues have been going on for quite a
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| Happening Here? China is finding itself
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| | while, and run much deeper than the
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| in the same position that Japan was in
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| | executions of a few top officials. Take
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| the 1970's. Back then, Japan was
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| | China's coalmines as an example.
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| industrializing, and having massive
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| | Thousands of Chinese workers die every
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| quality control problems. This went on
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| | year in China's mines because of poor
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| for years. There was a time that "Made in
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| | safety conditions. There is not a single
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| Japan" meant a product that was
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| | coalmine in America that would tolerate
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| inexpensive (cheap) with terrible
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| | China's safety standards. There is an
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| quality. Over a period of 20 years, the
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| | absence of ethical standards, promulgated
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| Japanese mastered quality control, thanks
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| | by an insatiable desire to chase dollars,
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| to the works of Dr. W. Edwards Deming,
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| | with no consideration for the lives of
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| the man who understood quality processes
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| | workers. For more on this topic, please
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| better than any other American. The
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| | visit our website.
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| Americans didn't listen to him, but the
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| | Richard Stoyeck's background includes
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| Japanese treated him like a God. The rest
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| | being a limited partner at Bear Stearns,
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| they say is history. Now China finds
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| | Senior VP at Lehman Brothers, Kuhn Loeb,
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| itself in the same position as Japan in
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| | Arthur Andersen, and KPMG. Educated at
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| the 1970's but there are differences.
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| | Pace University, NYU, and Harvard
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| Rapid industrialization in China without
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| | University, today he runs Rockefeller
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| the proper Deming type systems in place
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| | Capital Partners and Value Investing at
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| is leading to quality control problems
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| | StocksAtBottom.
|
