Paulson: Chinese recalls causing fear
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Treasury Secretary Henry Paulson said Tuesday that the recalls of tainted Chinese products were causing fear among U.S. consumers. He called on China to take bold moves to address that and other economic problems facing the two countries.
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Foreign media have fuelled unfounded fears about Chinese products, the nation's top quality official has said, as China blocked a U.S. protein powder shipment while the two countries sparred over safety worries.
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US Treasury Secretary Henry Paulson called on China Thursday to push through ambitious reforms of its financial markets a week after heavy losses on the Shanghai bourse roiled global equities.
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Chinese food experts promised Japan Monday they were serious about consumer safety, an official said, amid a nationwide scare over Chinese-made dumplings that left hundreds complaining of illness.
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WASHINGTON - Treasury Secretary Henry Paulson said yesterday the recalls of tainted Chinese products were causing fear among US consumers. He called on China to take bold moves to address that and other economic problems facing the two countries.
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China played down the country's food-safety problems on Tuesday but at the same time showed off room after room of confiscated fakes, indicating the extent of the challenge it faces to clean up the industry.
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Mattel says most toys recalled in safety scares had "design flaws" and Chinese firms were not to blame.
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BEIJING, Dec. 14 -- U.S. and Chinese officials clashed publicly on the opening day of strategic economic talks, with Treasury Secretary Henry M. Paulson Jr. pushing China to revalue its currency while Chinese Vice Premier Wu Yi said that Americans do not have a full understanding of the situation.
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ORIENTAL, N.C. -- A rash of safety scares that caused some Chinese imports to be pulled off store shelves -- including poisoned toothpaste, lead-tainted toys , and contaminated pet food -- has spiked demand for products made in the United States. But in the case of shrimp , America's favorite seafood, there is not enough to go around.
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Henry M. Paulson Jr. said today that economic choices by Chinese leaders were imperiling their nationÂs future.
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China warned the international media against exaggerating its food safety problems and stirring consumer panic, even as its inspectors found substandard children's snacks and more fake blood protein in hospitals.
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Health authorities in Canada and Massachusetts are warning consumers of the risk from China-made counterfeit toothpaste after more tainted products were found, deepening concern about the safety of Chinese goods.
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Since becoming Treasury secretary last summer, Henry M. Paulson Jr. has pleaded for patience on the issue of China's currency. Using the high-level contacts he made as chairman of the global investment bank Goldman Sachs, he sought ways to get Chinese leaders to move.
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A U.S. company's apology to China sparks criticism in both places.
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Treasury Secretary Henry Paulson  said on Friday that recent financial market volatility does not  necessarily reflect strong fundamentals in the U.S. economy,  nor those of the developing Chinese economy.
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Chinese-made frozen food has sickened ten people in Japan, prompting recalls and charges of deliberate poisoning. But both governments are eager to avoid escalating the conflict
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Liu Chuanzhi,chairman of Lenovo, theChinese computer company, clearly recalls his early tentative dealings with International Business Machines, the mighty US technology group, in 1985.